[Soda ash] Daily Review of Soda ash on October 11

Analysis of soda ash market

Today, China's soda ash market is weak and stable. As of now, the price of light soda ash in Central China is 2,700 -2900 yuan/ton, and the price of heavy soda ash is 2,950 - 3,200 yuan/ton; the price of light soda ash in North China is 2900 yuan/ton, and the price of heavy soda ash is 3,150 - 3,200 yuan/ton; soda ash companies have started to maintain a high level, and the market equipment has not changed yet; Downstream demand remains stable, maintaining a need for replenishment. Individual manufacturers mainly consume inventory. Market procurement enthusiasm is not high, and the soda ash market is weak.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 11, was 1697 yuan/ton, and finally closed at 1694 yuan/ton, holding 911439 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.