[Soda ash] August 28 Soda ash Daily Review

Analysis of soda ash market

Today, the price of soda ash in China remains strong. As of now, the price of light soda ash in the northwest region is between 3,050 - 3,200 yuan/ton, and the price of heavy soda ash is between 2,800 - 3,000 yuan/ton; the price of light soda ash in the southwest region is between 3,100 - 3,200 yuan/ton, and the price of heavy soda ash is between 3,300 - 3,500 yuan/ton; today, the prices of new orders of individual companies have been raised again, and the prices of most heavy soda ash are still not announced; There was a temporary problem with Taiwan Glass's real-time connection equipment, and there was a short stop for 1-2 days. Some companies that had not yet resumed pre-maintenance, and the market was still at a low level; market prices continued to rise, market purchasing sentiment was good, company shipments were smooth, and new market prices rose at a high level.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 28, was 1992 yuan/ton, and finally closed at 1898 yuan/ton, holding 965547 positions.

market outlook

The supply of soda ash in the market continues to remain tight, and the market supply is unlikely to increase in the short term. Demand from the downstream glass industry remains strong, and market purchasing sentiment is high. It is expected that the market price of soda ash will rise again in the short term.