[Soda ash] August 9 Daily Review of Soda ash

Analysis of soda ash market

Today, China's soda ash market is operating stably. As of now, the price of light soda ash in South China is between 2,250 - 2,350 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,400 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; the overall start-up of the soda ash market has not changed much, and the market supply is still tight; Demand in the downstream market remains stable. Companies just need to replenish stocks. Soda ash manufacturers have smooth shipments. In addition, some companies have early orders in hand. The market price is firm. Some companies will not quote for the time being and control orders.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 9, was 1534 yuan/ton, and finally closed at 1560 yuan/ton, holding 1276129 positions.

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.