[Soda ash] Daily Review of Soda ash on November 22

Analysis of soda ash market

Today, China's soda ash market is temporarily operating steadily. As of now, the price of light soda ash in North China is 2,400 - 2,500 yuan/ton, and the price of heavy soda ash is 2,500 - 2,600 yuan/ton; 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; Soda ash manufacturers have ordered orders until next month, and companies 'shipments are relatively smooth. Most companies still do not quote the prices of new orders. Demand in the downstream market is stable, and replenishment is mainly needed. 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 22, was 2215 yuan/ton, and finally closed at 2341 yuan/ton, holding 758562 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.