[Soda ash] August 1 soda ash daily review

Analysis of soda ash market

Today, the transaction price of soda ash in China continues to move upwards. As of now, the price of light soda ash in the northwest region is between 1,900 - 2,100 yuan/ton, and the price of heavy soda ash is between 1,900 - 2,000 yuan/ton; the price of light soda ash in the southwest region is between 2,150 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,200 -2250 yuan/ton; the start of the soda ash industry is still not high, the supply of soda ash in the market is tight, and manufacturers 'quotations are stable; Most manufacturers still do not quote heavy soda at present. Enterprises control taking orders. The price of new soda ash orders continues to rise, and the market continues to maintain a strong operation.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on August 1, was 2092 yuan/ton, and finally closed at 2127 yuan/ton, holding 572888 lots.

market outlook

The operating rate of the soda ash industry is not high, and the market supply is tight. Manufacturers have successively placed orders to deliver early orders, and the market has a strong intention to increase prices. The downstream demand for light soda is average, while the demand for heavy soda remains good. The market price of soda ash is expected to rise again in the short term.