[Soda ash] August 14 Daily Review of Soda ash

Analysis of soda ash market

Today, the focus of transactions in China's soda ash market continues to move upwards. As of now, the price of light soda ash in Central China is 2,050 - 2,200 yuan/ton, and the price of heavy soda ash is 2,250 - 2,350 yuan/ton; the price of light soda ash in East China is 2,050 - 2,250 yuan/ton, and the price of heavy soda ash is 2,300 - 2,350 yuan/ton; Recently, Fengcheng Salt Chemical, Henan Zhongyuan and other enterprises will resume production one after another, and market supply will increase in the later period; At present, soda ash manufacturers still have some orders in hand, and the supply of manufacturers remains tight. New orders are controlled to receive orders. Transaction prices are mainly increased within a narrow range. Downstream companies have a strong wait-and-see attitude and maintain just need to purchase.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 14, was 1613 yuan/ton, and finally closed at 1584 yuan/ton, holding 1268814 lots.

market outlook

The inventory of soda ash manufacturers remains low, and the market supply continues to be tight. Manufacturers control the receipt of new orders, and the market price maintains an upward trend. Downstream companies are mainly cautious and wait and see, insisting on just purchasing. It is expected that the soda ash market will continue to operate well in the short term.