[Soda ash] Daily Review of Soda ash on November 21

Analysis of soda ash market

Today, prices in some areas of China's soda ash market have increased again. As of now, the price of light soda ash in northwest China is 2,100 - 2,400 yuan/ton, and the price of heavy soda ash is 2,200 - 2,500 yuan/ton; the price of light soda ash in southwest China is 2,300 - 2,700 yuan/ton, and the price of heavy soda ash is 2,600 - 2,850 yuan/ton; Market transactions remained good. Soda ash manufacturers delivered orders in hand, there was little pressure on manufacturers 'inventory, and the price of new orders was mainly rising. The soda ash market was operating well.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 21, was 2245 yuan/ton, and finally closed at 2206 yuan/ton, holding 681105 lots.

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.