[Soda ash] Daily Review of Soda ash on November 15

Analysis of soda ash market

Today, China's soda ash market remains stable. As of now, the price of light soda ash in North China is between 2,200 - 2,300 yuan/ton, and the price of heavy soda ash is between 2,250 - 2,500 yuan/ton; the price of light soda ash in South China is between 2,300 - 2,500 yuan/ton, and the price of heavy soda ash is between 2,500 - 2,600 yuan/ton; Recently, the transaction atmosphere in the soda ash market has been good, and the market has remained stable. Some companies have re-established maintenance plans in the later period, and the quotations of soda ash companies have temporarily stabilized; The replenishment demand of downstream companies has increased, manufacturers have removed more stocks, and the soda ash market is operating well.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 15, was 2037 yuan/ton, and finally closed at 2056 yuan/ton, holding 624211 lots.

market outlook

The supply and demand situation in the soda ash market has improved, and the market transaction atmosphere is better. The supply of soda ash companies is still high. Due to the increase in downstream demand, the supply and demand relationship in the soda ash market has remained balanced, and market prices will remain stable in the short term.