[Soda ash] August 2 soda ash daily review

Soda ash market stabilizes market supply and reduces expectations

Analysis of soda ash market

Today, China's soda ash market is operating steadily. As of now, the price of light soda ash in South China is 2,150 - 2,300 yuan/ton, and the price of heavy soda ash is 2,250 - 2,350 yuan/ton; the price of light soda ash in Northwest China is 1,900 - 2,100 yuan/ton, and the price of heavy soda ash is 1,950 - 2,000 yuan/ton; Recently, the transaction atmosphere in the soda ash market has been good, manufacturers have shipped better, and inventories have remained low. In addition, the equipment maintenance of some manufacturers in the market has not yet been completed, and the supply of some supplies in the market is still tight. In the downstream market, the signing of new orders is in a good mood, because the soda ash market will have more manufacturers in the later stage. Manufacturers have stored maintenance plans, and the market supply is expected to shrink again in the later stage. Some manufacturers control receiving orders, and the soda ash market is reluctant to sell.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on August 2, was 2131 yuan/ton, and finally closed at 2115 yuan/ton, holding 548680 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.