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[Soda ash] August 16 Soda ash Daily Review

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August 16, 2023, 5:09 PM

Analysis of soda ash market

Today, the price of new orders in China's soda ash market has increased by 50 yuan/ton. As of now, the price of light soda ash in South China is 2,250 - 2,400 yuan/ton, and the price of heavy soda ash is 2,300 - 2,450 yuan/ton; the price of light soda ash in North China is 2,150 - 2,200 yuan/ton, and the price of heavy soda ash is 2,300 - 2,350 yuan/ton; the overall start of the soda ash market has not changed much recently. Some enterprises take turns for maintenance, and the spot supply in the market is still tight; Soda ash prices maintained an upward trend, downstream market demand remained stable, and companies purchased on demand. Due to the rise in futures prices, the market price of spot soda ash was good.

 

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 16, was 1575 yuan/ton, and finally closed at 1590 yuan/ton, holding 1300628 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.