[Soda ash] October 17 Soda ash Daily Review

Analysis of soda ash market

Today, China's soda ash market is stable and weakening. As of now, the price of light soda ash in South China is 2,600 - 2,800 yuan/ton, and the price of heavy soda ash is 2,800 - 3,100 yuan/ton; the price of light soda ash in Southwest China is 2,900 - 3,000 yuan/ton, and the price of heavy soda ash is 3,100 - 3,200 yuan/ton; Recently, the soda ash market has continued to weaken, new orders in the market have dropped, and the inventory of some manufacturers has increased; The downstream market maintains just need to purchase, and companies are mainly wait-and-see, and still have a downward trend towards the soda ash market; with sufficient supply in the market, the market decline continues, and companies are mostly bearish on the future outlook.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 17, was 1742 yuan/ton, and finally closed at 1710 yuan/ton, holding 963496 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.