[Soda ash] Daily Review of Soda ash on November 20

Analysis of soda ash market

Today, China's soda ash market maintains an upward trend, and market prices have collectively risen. As of now, the price of light soda ash in Central China is 2,200 - 2,300 yuan/ton, and the price of heavy soda ash is 2,400 - 2,500 yuan/ton; the price of light soda ash in South China is 2,450 - 2,550 yuan/ton, and the price of heavy soda ash is 2,600 - 2,700 yuan/ton; At present, soda ash companies have maintained a high level when starting operations. Due to the excessive inventory removal by manufacturers, the market trading atmosphere is good, and some companies have raised their new orders quotations; downstream demand remains stable, companies just need to purchase, and the market has a strong wait-and-see attitude, and the soda ash market is operating steadily.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 20, was 2129 yuan/ton, and finally closed at 2236 yuan/ton, holding 714962 positions.

market outlook

Due to the recent better shipment situation in the soda ash market, downstream companies are more wait-and-see. The game between supply and demand in the soda ash market is relatively strong, and the soda ash market price will rise within a narrow range in the short term.