[Soda ash] October 9 Soda ash Daily Review

Analysis of soda ash market

Today, China's soda ash market is operating in a weak position. As of now, the price of light soda ash in East China is between 2,800 - 3,200 yuan/ton, and the price of heavy soda ash is between 3,100 - 3,200 yuan/ton; the price of light soda ash in Central China is between 2,700 - 2,900 yuan/ton, and the price of heavy soda ash is between 3,100 - 3,200 yuan/ton; Recently, the price of light soda ash has been adjusted significantly, and the price of heavy soda in some regions has been adjusted slightly; The downstream market is still in need of purchasing, and market participants are mostly bearish on the soda market outlook, and the market sentiment is weak.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 9, was 1720 yuan/ton, and finally closed at 1748 yuan/ton, holding 852497 positions.

market outlook

Enterprises undergoing early maintenance have basically returned to normal production, and the market operating rate has increased; downstream market demand has temporarily stabilized, and no new production lines have been put into operation yet. The mentality of some market participants has weakened, and soda ash prices in some areas are expected to operate in a weak manner in the later period.