[Soda ash] August 23 Soda ash Daily Review

Analysis of soda ash market

Today, China's soda ash market maintains a high level. As of now, the price of light soda ash in East China is between 2,400 - 2,700 yuan/ton, and the price of heavy soda ash is between 2,700 - 2,900 yuan/ton; the price of light soda ash in Southwest China is between 2,500 - 2,600 yuan/ton, and the price of heavy soda ash is between 2,750 - 3,000 yuan/ton; At present, individual manufacturers in the market are still undergoing maintenance, the market operating rate is low, and manufacturers 'inventories continue to be low; Soda ash companies schedule orders and deliver goods, and the market supply continues to be tight. Recently, the price of new orders in the market has continued to rise, and the soda ash market has a strong price increase sentiment.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 23, was 1872 yuan/ton, and finally closed at 1841 yuan/ton, holding 947910 lots.

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.