[Soda ash] September 19 Daily Review of Soda ash

Analysis of soda ash market

Today, the operation of China's soda ash market is temporarily stable. As of now, the price of light soda ash in Central China is 3,000 - 3,300 yuan/ton, and the price of heavy soda ash is 3,100 - 3,350 yuan/ton; the price of light soda ash in East China is 3,200 - 3,350 yuan/ton, and the price of heavy soda ash is 3,250 - 3,350 yuan/ton; yesterday, Ningxia Risheng equipment was temporarily suspended, and there was little change in other manufacturers 'construction; The overall inventory of soda ash manufacturers is still tight, and the market quotation remains firm; the downstream market demand is stable, and companies continue to need procurement. Companies mainly schedule orders and deliver, and the price of new orders is negotiated on a single basis.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on September 19, was 1873 yuan/ton, and finally closed at 1903 yuan/ton, holding 894800 lots.

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.