[Soda ash] Daily Review of Soda ash on August 21

Analysis of soda ash market

Today, the market price of soda ash in China has risen sharply, and some manufacturers have temporarily closed orders and not quoted prices. As of now, the price of light soda ash in East China is 2,300 - 2,450 yuan/ton, and the price of heavy soda ash is 2,500 - 2,600 yuan/ton; The price of light soda ash in South China is 2,350 - 2,500 yuan/ton, and the price of heavy soda ash is 2,500 - 2,650 yuan/ton; Yesterday, Jiangxi Jinghao's equipment was parked, and some manufacturers in the market were under-operating their equipment. The spot supply in the soda ash market was tight. Due to supply problems, most manufacturers closed orders today and did not quote. The market spot supply was small. The market transaction price continued to rise, and the soda ash market price increased. There is a strong sentiment.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 21, was 1702 yuan/ton, and finally closed at 1838 yuan/ton, holding 1005584 positions.

market outlook

The soda ash market is operating well, and the market transaction atmosphere is good. The spot supply of soda ash by enterprises remains tight. In addition, most manufacturers have closed orders and not quoted for the time being. The market is reluctant to sell, and market companies are keen to increase prices. The soda ash market has another rise expectation.