[Soda ash] Daily Review of Soda ash on November 28

Analysis of soda ash market

Today, prices in some areas of China's soda ash market have been increased again. As of now, the price of light soda ash in Northeast China is 2,800 - 2,900 yuan/ton, and the price of heavy soda ash is 2,800 - 2,900 yuan/ton; 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 overall supply in the soda ash market is still high, and the output of individual companies has increased; The downstream market remains stable. As soda ash prices continue to rise to high levels, downstream companies are also resistant to high-priced soda ash, resulting in a game of supply and demand in the soda ash market.

Futures dynamics

According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 28, was 2474 yuan/ton, and finally closed at 2309 yuan/ton, holding 572897 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.