[Soda ash] August 29 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 North China is between 2,900 - 3,100 yuan/ton, and the price of heavy soda ash is between 3,000 - 3,200 yuan/ton; the price of light soda ash in South China is between 3,200 - 3,350 yuan/ton, and the price of heavy soda ash is between 3,400 - 3,550 yuan/ton; the spot supply of soda ash in the market is still tight, soda ash manufacturers control the signing of new orders, and heavy soda basically maintains no quotation for the time being; Demand in the downstream market remained stable, the market transaction atmosphere was good, and the soda ash market maintained good operation.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 29, was 1885 yuan/ton, and finally closed at 1764 yuan/ton, holding 962160 lots.

market outlook

The market supply of soda ash continues to remain tight, and the market supply is unlikely to increase in the short term. Demand from the downstream glass industry remains strong, market procurement remains stable, support for soda ash is relatively strong, and prices remain high.