[Soda ash] August 7 Soda ash Daily Review

Analysis of soda ash market

Today, China's soda ash market is operating steadily. As of now, the price of light soda ash in East China is between 2,050 - 2,250 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,300 yuan/ton; the price of light soda ash in North China is between 2,100 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,300 yuan/ton; Recently, the transaction atmosphere in the soda ash market is good, and the supply of soda ash market is tight. Most manufacturers have closed orders and not made quotations; This week, the stock and maintenance plan of the southern soda industry is still low, and the overall market starts are still not high. Due to the low inventory of manufacturers and relatively stable demand in the downstream market, the price of new orders in the soda ash market has been continuously increased, and the market price has stabilized and increased.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 7, was 1579 yuan/ton, and finally closed at 1526 yuan/ton, holding 1269900 lots.

market outlook

Soda ash manufacturers place more orders, and companies control the receipt of new orders. Currently, the industry is not starting at a high level. Downstream companies are just in need of replenishment, and the soda ash market is expected to operate stably in the short term.