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[Soda ash] Daily Review of Soda ash on August 31

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August 31, 2023, 5:25 PM

Analysis of soda ash market

Today, China's soda ash market has stabilized and moved slightly. As of now, the price of light soda ash in East China is between 3,050 - 3,200 yuan/ton, and the price of heavy soda ash is between 3,100 - 3,300 yuan/ton; the price of light soda ash in Central China is between 2,900 - 3,300 yuan/ton, and the price of heavy soda ash is between 3,100 - 3,300 yuan/ton; the overall price of soda ash market remains high, and the price of new orders of individual companies will rise again today; The tight supply situation of manufacturers is difficult to alleviate, the market exceeds demand, and the spot supply is relatively tight; procurement in the downstream market remains stable, and due to the impact of supply, the market price of soda ash will continue to remain high.

 

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on August 31, was 1890 yuan/ton, and finally closed at 1885 yuan/ton, holding 890316 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.