[Soda ash] Daily Review of Soda ash on November 16

Analysis of soda ash market

Today, the price of soda ash in China is stable. As of now, 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; the price of light soda ash in Southwest China is between 2,200 - 2,600 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,800 yuan/ton; Today, the Tangshan Sanyou plant has returned to normal operation, the overall operating rate of the soda ash market has increased slightly, and the market starts are still high; Downstream demand remained stable, and the market transaction atmosphere was good. Soda ash companies placed orders on hand until the end of the month, and the market maintained good operation in the short term.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 16, was 2046 yuan/ton, and finally closed at 2054 yuan/ton, holding 613410 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.