[Soda ash] Daily Review of Soda ash on October 10

Analysis of soda ash market

Today, China's soda ash market continues to decline mainly. As of now, the price of light soda ash in the northwest region is 2,650 - 2,700 yuan/ton, and the price of heavy soda ash is 2,850 - 2,900 yuan/ton; the price of light soda ash in the southwest region is 3,000 - 3,100 yuan/ton, and the price of heavy soda ash is 3,200 - 3,500 yuan/ton; Recently, the signing of new orders in the soda ash market has weakened, market procurement enthusiasm has decreased, and enterprises have a strong wait-and-see attitude; The current price of soda ash has maintained a downward trend. Market participants are mostly bearish on the future outlook, and the soda ash market is operating weakly.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 10, was 1750 yuan/ton, and finally closed at 1703 yuan/ton, holding 885091 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.