[Soda ash] Daily Review of Soda ash on November 23

Soda ash market is operating firmly, market supply and demand game

Analysis of soda ash market

Today, China's soda ash market is operating firmly. As of now, the price of light soda ash in the northwest region is 2,200 - 2,400 yuan/ton, the price of heavy soda ash is 2,350 - 2,500 yuan/ton, the price of light soda ash in the southwest region is 2,400 - 2,800 yuan/ton, and the price of heavy soda ash is 2,600 - 2,900 yuan/ton; the soda market signing situation is relatively good, manufacturers continue to remove warehouses, and corporate quotations remain firm; Soda ash prices have continued to rise, and downstream companies have also experienced pressure on high-priced purchases. The sentiment between supply and demand in the soda ash market is playing, 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 23, was 2341 yuan/ton, and finally closed at 2353 yuan/ton, holding 762528 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.