July 24 Daily Review of Soda Ash

Analysis of soda ash market

Today, the price of soda ash in China is rising steadily. As of now, the price of light soda ash in Central China is between 1,950 - 2,000 yuan/ton, the price of heavy soda ash is between 2,100 - 2,200 yuan/ton, and the price of light soda ash in South China is between 2,100 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,300 yuan/ton; enterprises such as China Salt Group Kunlun and Salt Lake Magnesium Industry are currently underoperating soda plants, and industry start-ups remain low; Demand for heavy soda continues to improve, and the market supply is tight. The price of new orders in some areas has increased by about 50 yuan/ton. Some manufacturers have temporarily closed orders. At present, the supply of soda ash in the market remains in a tight balance, and the market is operating steadily.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on July 24, was 1995 yuan/ton, and finally closed at 2010 yuan/ton, holding 937232 positions.

market outlook

The operating rate of the soda ash industry is not high, the market supply is tight, some manufacturers are reluctant to sell, and the overall demand in the downstream market is basically stable. Enterprises maintain on-demand procurement, and the soda ash market may maintain good performance in the short term.