[Soda ash] September 27 Soda ash Daily Review

Analysis of soda ash market

Today, the overall stability of soda ash in China is stable. As of now, the price of light soda ash in Central China is between 2,900 - 3,250 yuan/ton, and the price of heavy soda ash is between 3,100 - 3,350 yuan/ton; the price of light soda ash in North China is between 3,100 - 3,200 yuan/ton, and the price of heavy soda ash is between 3,300 - 3,450 yuan/ton; Recently, with the construction of manufacturers, the supply of soda ash has increased; Demand in the downstream market is stable, companies are maintaining the need for replenishment, the inventory of individual manufacturers has increased, the focus of light alkali transactions has shifted, and the price of heavy alkali is operating firmly.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on September 27, was 1806 yuan/ton, and finally closed at 1784 yuan/ton, holding 842274 lots.

market outlook

Recently, the soda ash market has started at a high level, and under the expectation of increased supply, market inventories have accumulated slightly; while downstream market demand has not yet ignited new production lines, market purchasing sentiment is relatively cautious, and the soda ash market may show a volatile trend.