[Soda ash] Daily Review of Soda ash on October 18

Analysis of soda ash market

Today, the price of new orders in some areas of China's soda ash market continues to fall. As of now, the price of light soda ash in Northwest China is between 2,300 - 2,400 yuan/ton, and the price of heavy soda ash is between 2,500 - 2,600 yuan/ton; the price of light soda ash in East China is between 2,550 - 2,850 yuan/ton, and the price of heavy soda ash is between 2,900 - 3,100 yuan/ton; Recently, the market price of soda ash has continued to fall, market procurement enthusiasm has declined, and enterprises continue to need to purchase; Affected by the market, the shipping pressure of individual manufacturers has increased, corporate inventories have increased, and the soda ash market has remained weak.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 18, was 1709 yuan/ton, and finally closed at 1703 yuan/ton, holding 979401 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 weaken and decline in the short term.