[Soda ash] August 3 soda ash daily review

Analysis of soda ash market

Today, China's soda ash market continues to maintain good performance. As of now, the price of light soda ash in Central China is between 1,950 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,300 yuan/ton; the price of light soda ash in South China is between 2,150 - 2,300 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,350 yuan/ton; At present, the equipment of some soda ash manufacturers is still under maintenance, and there are more maintenance companies in the market. The industry's operating load continues to decline. Manufacturers have shipped well and inventories remain low. The downstream market is in a good mood to sign new orders, because there will be more soda ash market in the later stage. Manufacturers have maintenance plans, and the market supply is expected to shrink again in the later stage. Some manufacturers control taking 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 3, was 2118 yuan/ton, and finally closed at 2036 yuan/ton, holding 492399 positions.

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.