[Soda ash] August 17 Soda ash Daily Review

Analysis of soda ash market

Today, China's soda ash market continues to improve. As of now, the price of light soda ash in South China is 2,300 - 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 East China is 2,100 - 2,300 yuan/ton, and the price of heavy soda ash is 2,300 - 2,400 yuan/ton; Today, the soda ash company Huainan Debang has stopped its equipment for maintenance. At present, the overall inventory of the manufacturer is still not high, and the company has many orders on hand. The manufacturer's inventory continues to decline and remains at a low level. Demand in the downstream market is stable, the soda ash market is in short supply, and prices maintain an upward trend.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 17, was 1597 yuan/ton, and finally closed at 1683 yuan/ton, holding 1182004 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.