[Soda ash] Daily Review of Soda ash on October 16

Analysis of soda ash market

Today, the price of soda ash in China has dropped significantly. As of now, the price of light soda ash in Central China is between 2,400 - 2,800 yuan/ton, and the price of heavy soda ash is between 2,900 - 3,100 yuan/ton; the price of light soda ash in South China is between 2,800 - 3,100 yuan/ton, and the price of heavy soda ash is between 2,800 - 3,200 yuan/ton; the price of new soda ash orders has been adjusted many times at the beginning of the week, and the soda ash market trend is weak and downward; Recently, the installation of soda ash enterprises has been stable, and the industry's supply has remained sufficient; the downstream market demand has been weak and stable, and companies have been waiting and seeing more, and the market transaction price has been negotiated.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 16, was 1728 yuan/ton, and finally closed at 1742 yuan/ton, holding 940765 positions.

market outlook

The supply of soda ash is stable, and companies in the downstream industry are generally motivated to purchase, so they should be cautious and wait and see. As soda ash manufacturers gradually complete the delivery of orders in hand, the overall price of new orders in the market is on a downward trend. It is expected that the soda ash market will remain weak in the short term.