[Soda ash] August 22 Soda ash Daily Review

Analysis of soda ash market

Today, the price of soda ash in China continues to rise crazily. As of now, the price of light soda ash in Central China is between 2,400 - 2,500 yuan/ton, and the price of heavy soda ash is between 2,600 - 2,900 yuan/ton; the price of light soda ash in North China is between 2,350 - 2,500 yuan/ton, and the price of heavy soda ash is between 2,700 - 2,900 yuan/ton; the spot supply in the soda market is tight, and the market price continues to rise; At present, some enterprises in the market are still under-operating, and the market operating load has not changed much; the market supply remains tight, and soda ash manufacturers have basically closed orders and not quoted for the time being, mainly delivering early orders. Overall, the soda ash market continues to rise, and the market has strong intention to rise.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 22, was 1830 yuan/ton, and finally closed at 1857 yuan/ton, holding 970591 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.