[Soda ash] September 18 Daily Review of Soda ash

Analysis of soda ash market

Today, the price of soda ash in China is basically stable. As of now, the price of light soda ash in Northeast China is 3,200 - 3,400 yuan/ton, and the price of heavy soda ash is 3,300 - 3,450 yuan/ton; the price of light soda ash in Southwest China is 3,200 - 3,500 yuan/ton, and the price of heavy soda ash is 3,400 - 3,600 yuan/ton; Soda ash manufacturers Xinghua in Shaanxi and Huachang in Jiangsu have put their installations into operation. The company's soda ash has resumed external quotations. The market operating rate is expected to rise within a narrow range this week. Currently, the downstream market remains stable, and companies maintain on-demand procurement, but some manufacturers still have to place orders., companies schedule delivery orders, and the soda ash market will maintain stability in the short term.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on September 18, was 1841 yuan/ton, and finally closed at 1873 yuan/ton, holding 935897 positions.

market outlook

At present, some soda ash manufacturers have insufficient equipment capacity, but the overall operating rate of the market has increased; soda ash companies have ordered shipments, and some manufacturers have ordered orders until the end of the month; recent shocks in soda ash futures prices have had an impact on spot market procurement. Enterprises are more cautious in purchasing, and soda ash prices will continue to remain high in the short term.