[Soda ash] Daily Review of Soda ash on November 29

Analysis of soda ash market

Today, China's soda ash market continues its upward trend. As of now, the price of light soda ash in North China is between 2,600 - 2,700 yuan/ton, and the price of heavy soda ash is between 2,700 - 2,850 yuan/ton; the price of light soda ash in Central China is between 2,500 - 2,700 yuan/ton, and the price of heavy soda ash is between 2,600 - 2,750 yuan/ton; some manufacturers are tight in stock, and the price of new soda ash orders is rising steadily; Prices continue to rise, high purchasing prices in the downstream market are in conflict, companies are more cautious, and the soda ash market remains operating at a high level.

Futures dynamics

According to data from Boduo, on November 29, the opening price of SA2401, the main contract for soda ash, was 2345 yuan/ton, and the settlement price was 2376 yuan/ton, the highest was 2430 yuan/ton, the lowest was 2322 yuan/ton, with 612200 positions held.

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 resistance of downstream companies has also increased. The market has a strong wait-and-see attitude, and prices in some regions may rise slightly in the short term.