[Soda ash] Daily Review of Soda ash on December 20

Analysis of soda ash market

Today, the market price of soda ash in China is still stable. As of now, the price of light soda ash in Central 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 North China is 2,800 - 2,900 yuan/ton, and the price of heavy soda ash is 2,950 - 3,100 yuan/ton; In the early stage, some maintenance companies still reduced their production capacity, while other start-ups remained stable. Manufacturers still had some orders in hand. Due to the high soda ash price, market purchasing sentiment declined. Companies were slow to follow up on new orders, and some companies showed an increase in their inventories. Some companies also made a slight concession in the price of new orders, and the overall soda ash market did not change much.

Futures dynamics

According to data from Boduo, on December 20, the opening price of SA2405, the main contract for soda ash, was 2130 yuan/ton, and the settlement price was 2143 yuan/ton. The highest price was 2173 yuan/ton and the lowest price was 2114 yuan/ton, with 481473 positions held.

market outlook

Soda ash prices have remained stable at a high level, downstream industry demand has remained stable, market supply and demand have maintained a relatively tight balance, soda ash companies have little pressure on shipping, and the soda ash market continues to operate stably.