[Soda ash] August 30 soda ash daily review

Analysis of soda ash market

Today, the price of soda ash in China is stable. As of now, the price of light soda ash in Southwest China is between 3,200 - 3,300 yuan/ton, and the price of heavy soda ash is between 3,300 - 3,500 yuan/ton; the price of light soda ash in Northwest China is between 3,050 - 3,200 yuan/ton, and the price of heavy soda ash is between 2,800 - 3,000 yuan/ton; at present, some soda ash companies are not quoting and maintaining closed orders, and the market has a strong wait-and-see attitude; Today, a company in Anhui reduced production of equipment and reduced market supply to a small extent; downstream market demand is stable, companies are still in need of purchasing, the market transaction atmosphere is good, and the soda ash market is temporarily operating steadily.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 30, was 1764 yuan/ton, and finally closed at 1895 yuan/ton, holding 907693 positions.

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.