[Soda ash] September 21 soda ash daily review

Analysis of soda ash market

Today, the price of soda ash in China has temporarily stabilized. As of now, the price of light soda ash in Central China is between 3,000 - 3,300 yuan/ton, and the price of heavy soda ash is between 3,100 - 3,350 yuan/ton; the price of light soda ash in East China is between 3,200 - 3,350 yuan/ton, and the price of heavy soda ash is between 3,250 - 3,350 yuan/ton; the starting load of the soda ash market remains high, and enterprises start operations are basically normal; At present, most manufacturers place orders until the end of the month. Companies place orders and deliver goods, and the market quotation remains firm; demand in the downstream market is stable, and purchases are maintained, and the transaction price 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 21, was 1892 yuan/ton, and finally closed at 1824 yuan/ton, holding 857476 positions.

market outlook

Recently, the overall operating rate of the soda ash market has increased; soda ash companies have ordered shipments, and some manufacturers have ordered orders until the end of the month; recent fluctuations in soda ash futures prices have had an impact on spot market procurement. Enterprises are more cautious in purchasing and maintain just-needed procurement. soda ash prices will continue to operate at a high level in the short term.