[Soda ash] November 27 Soda ash Daily Review

Analysis of soda ash market

Today, the price of soda ash in China has been raised again. As of now, the price of light soda ash in East China is 2,500 - 2,600 yuan/ton, and the price of heavy soda ash is 2,550 - 2,700 yuan/ton; the price of light soda ash in South China is 2,600 - 2,800 yuan/ton, and the price of heavy soda ash is 2,700 - 2,900 yuan/ton; Recently, the supply of soda ash from enterprises such as Hubei Shuanghuan has declined. Although enterprises have recovered in the early stage, the overall inventory of soda ash manufacturers is still not high, and company prices are steadily rising. Currently, soda ash prices are high, and downstream companies are also cautious about high-priced soda ash, and enterprises are still in need of purchasing.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 27, was 2340 yuan/ton, and finally closed at 2484 yuan/ton, holding 707522 positions.

market outlook

The inventory of manufacturers in the soda ash market is tight, and some companies are strongly willing to increase. The price of soda ash has gradually risen to a high level. The market has a strong wait-and-see attitude. Due to the low inventory of manufacturers and the tight supply of soda ash, the price of soda ash in some areas is expected to rise again in the short term.