[Soda ash] Daily Review of Soda ash on November 13

Analysis of soda ash market

Today, the price of soda ash in China is rising strongly. As of now, the price of light soda ash in North China is 2,200 - 2,300 yuan/ton, and the price of heavy soda ash is 2,300 - 2,500 yuan/ton; the price of light soda ash in Central China is 2,000 - 2,150 yuan/ton, and the price of heavy soda ash is 2,300 - 2,400 yuan/ton; Recently, Jingang in Kunshan, Jiangsu, and Haitian in Shandong Province have temporarily stopped, and the market supply has dropped within a narrow range; Due to the improvement in downstream procurement, shipments of soda ash manufacturers have improved. Most companies have closed orders for soda ash and will not quote for the time being, and companies are more willing to increase prices.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 13, was 2142 yuan/ton, and finally closed at 2058 yuan/ton, holding 643396 positions.

market outlook

The supply and demand situation in the soda ash market has improved, the market transaction atmosphere has improved, manufacturers have increased orders, and the market has removed more stocks. Most manufacturers have not quoted new soda ash orders for the time being, and the soda ash market will stabilize and rise in the short term.