[Soda ash] Daily Review of Soda ash on November 7

Analysis of soda ash market

Today, prices in individual regions of China's soda ash market have been adjusted within a narrow range. As of now, the price of light soda ash in Southwest China is between 2,050 - 2,300 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,600 yuan/ton; the price of light soda ash in South China is between 2,100 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,400 yuan/ton; recently, the soda ash market has remained stable, and the market supply is still sufficient; The soda ash market continues to operate weakly, and downstream companies are more willing to wait and see, maintain demand, and negotiate soda ash prices on a single basis.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 7, was 1854 yuan/ton, and finally closed at 1881 yuan/ton, holding 802995 positions.

market outlook

The soda ash market has maintained a weak operation, and market prices have continued to decline. Although the spot price of soda ash has stopped falling slightly due to the shrinking supply, the overall market supply is still relatively sufficient. However, the demand of downstream companies has not increased yet. Enterprises are still relatively cautious in purchasing, and manufacturers 'inventories continue to accumulate, and the soda ash market will still operate weak in the short term.