Analysis of soda ash market
Today, China's soda ash still maintains an upward trend. As of now, the price of light soda ash in Northeast China is between 2,850 - 3,000 yuan/ton, and the price of heavy soda ash is between 3,000 - 3,150 yuan/ton; the price of light soda ash in Northwest China is between 2,500 - 2,900 yuan/ton, and the price of heavy soda ash is between 2,600 - 2,900 yuan/ton; the inventory of soda ash manufacturers is still low, and the market price is steadily rising; Demand in the downstream market is stable, some companies are stocking up in an orderly manner, shipments from soda plants continue to be good, and the soda ash market is operating well.
Futures dynamics
According to data from Boduo, on December 5, the opening price of SA2401, the main contract for soda ash, was 2646 yuan/ton, and the settlement price was 2715 yuan/ton. The highest price was 2788 yuan/ton and the lowest price was 2633 yuan/ton, with 447049 positions held.
market outlook
Soda ash companies have successively delivered orders in hand, manufacturers 'inventories are low, market spot supply is tight, some companies have renewed new orders, downstream market demand remains stable, and the soda ash market will continue to rise in the short term.
