[Soda ash] Daily Review of Soda ash on October 30

Analysis of soda ash market

Today, China's soda ash market is still weak. As of now, the price of light soda ash in Central China is between 1,900 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,450 yuan/ton; the price of soda ash in South China is between 2,500 - 2,600 yuan/ton, and the price of heavy soda ash is between 2,600 - 2,800 yuan/ton; the soda ash market maintains a downward trend, there are still few new orders in the market, and the market has a strong wait-and-see attitude; The equipment of individual soda plants has been adjusted, and the overall supply has remained high. The soda ash market has continued to maintain a weak operation, and the transaction price has been negotiated on a single basis.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 30, was 1691 yuan/ton, and finally closed at 1749 yuan/ton, holding 936580 positions.

market outlook

The soda ash market has weakened while stabilizing, the downstream market has a strong wait-and-see attitude, market transactions are scarce, the shipping pressure of soda plants has increased, the price of new orders has been adjusted, and the market continues to maintain a downward trend.