[Soda ash] Daily Review of Soda ash on October 12

Analysis of soda ash market

Today, China's soda ash market is stable and moving slightly. As of now, the price of light soda ash in Central China is between 2,600 - 2,900 yuan/ton, and the price of heavy soda ash is between 2,950 - 3,200 yuan/ton; the price of light soda ash in East China is between 2,750 - 3,050 yuan/ton, and the price of heavy soda ash is between 3,000 - 3,200 yuan/ton; Recently, new orders in the soda ash market have been relatively low, orders from manufacturers have decreased, and the inventory of individual soda plants has increased; Soda ash companies have maintained a high level of start-up operations, and downstream companies have been cautious in purchasing and maintain just needed purchases.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 12, was 1696 yuan/ton, and finally closed at 1724 yuan/ton, holding 916394 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.