[Soda ash] August 15 Daily Review of Soda ash

Analysis of soda ash market

Today, China's soda ash market remains stable. As of now, the price of light soda ash in Southwest China is between 2,150 - 2,250 yuan/ton, and the price of heavy soda ash is between 2,350 - 2,450 yuan/ton; the price of light soda ash in Northwest China is between 1,900 - 2,100 yuan/ton, and the price of heavy soda ash is between 1,950 - 2,000 yuan/ton; Recently, the production and sales of the soda ash market are relatively good, and some pre-maintenance companies have resumed production, but the overall market start-up is still not high; Manufacturers have ordered as many as next month, and some manufacturers have controlled receiving orders without quoting for the time being; downstream market demand remains stable, companies purchase on demand, and the soda ash market continues to maintain a good operation.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 15, was 1586 yuan/ton, and finally closed at 1579 yuan/ton, holding 1316207 positions.

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.