[Soda ash] December 7 Soda ash Daily Review

Analysis of soda ash market

Today, the price of soda ash in China is stable. As of now, the price of light soda ash in Southwest China is between 2,850 - 3,000 yuan/ton, and the price of heavy soda ash is between 3,000 - 3,200 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; Recently, the soda market has not changed much. The equipment of Henan Jinshan Soda Factory has gradually recovered, and the market supply is still sufficient; When companies deliver orders in hand, manufacturers 'inventories are still low, and market quotations remain firm; downstream demand is stable, companies' purchasing enthusiasm is acceptable, and the transaction atmosphere in the soda ash market remains good.

Futures dynamics

According to data from Boduo, on December 7, the opening price of SA2401, the main contract for soda ash, was 2706 yuan/ton, and the settlement price was 2741 yuan/ton, the highest was 2817 yuan/ton, the lowest was 2675 yuan/ton, with 301105 positions held.

market outlook

Soda ash companies have successively delivered orders in hand, manufacturers 'inventories are low, market spot supply is tight, and some companies have an intention to increase new orders. Demand in the downstream market remains stable, and soda ash market prices will remain high in the short term.