[Soda ash] December 13 Soda ash Daily Review

Analysis of soda ash market

Today, China's soda ash market is operating stably. As of now, the price of light soda ash in East China is 2,700 - 2,900 yuan/ton, and the price of heavy soda ash is 2,850 - 3,000 yuan/ton; the price of light soda ash in South China is 3,100 - 3,200 yuan/ton, and the price of heavy soda ash is 3,200 - 3,300 yuan/ton; Today, due to equipment problems, the start of construction of Jinshan Plant in Henan Province has declined. The start of construction of other companies is still at a high level, but the overall inventory of the manufacturers is still low, and the company's quotations remain firm; the price of soda ash is high, and the downstream market just needs to purchase, and the overall follow-up of new orders is insufficient. With the delivery of early orders, manufacturers 'orders dropped, and the market transaction atmosphere is relatively light.

Futures dynamics

According to data from Boduo, on December 13, the opening price of SA2405, the main contract for soda ash, was 2296 yuan/ton, and the settlement price was 2235 yuan/ton. The highest price was 2318 yuan/ton and the lowest price was 2117 yuan/ton, with 473263 positions held.

market outlook

There is little inventory pressure on soda ash companies, and the downstream market maintains just demand. Companies have successively delivered orders on hand. The price of soda ash is high. The purchasing caution in the downstream market has increased. The market has become more wait-and-see, and the price of soda ash remains high.