[Soda ash] August 24 Soda ash Daily Review

Analysis of soda ash market

Today, the market price of soda ash in China continues to maintain an upward trend. As of now, the price of light soda ash in North China is 2,750 - 2,800 yuan/ton, and the price of heavy soda ash is 2,950 - 3,000 yuan/ton; the price of light soda ash in East China is 2,800 - 2,950 yuan/ton, and the price of heavy soda ash is 3,000 - 3,100 yuan/ton; Recently, the soda ash market has not changed much, and the market supply has remained tight. Manufacturers are still issuing orders on hand, and manufacturers 'inventories continue to drop to low levels. Demand in the downstream market is stable, corporate inquiries are stable, and the price of new orders in the soda ash market is stable and rising.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 24, was 1847 yuan/ton, and finally closed at 1922 yuan/ton, holding 982240 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.