[Soda ash] Daily Review of Soda ash on December 21

Analysis of soda ash market

Today, China's soda ash market is stable and moving slightly, and prices in some regions have been adjusted within a narrow range. As of now, the price of light soda ash in the northwest region is 2,550 - 2,900 yuan/ton, and the price of heavy soda ash is 2,700 - 3,000 yuan/ton; The price of light soda ash in the southwest region is 2,900 - 3,000 yuan/ton, and the price of heavy soda ash is 3,100 - 3,200 yuan/ton; While individual maintenance equipment is resuming and increasing, the construction of other enterprises remains stable; Due to the high price of soda ash, the purchasing atmosphere of enterprises is light, and some traders have put pressure on shipments. The price of new orders is more flexible, and there is more than one discussion. The inventory of soda ash manufacturers is still low, and prices remain firm.

Futures dynamics

According to data from Boduo, on December 21, the opening price of SA2405, the main contract for soda ash, was 2120 yuan/ton, and the settlement price was 2104 yuan/ton. The highest price was 2170 yuan/ton and the lowest price was 2056 yuan/ton, with 467200 positions held.

market outlook

Soda ash prices are high, downstream industry demand remains stable, market supply and demand remain relatively balanced, soda ash manufacturers have little shipping pressure, inventories are low, prices remain firm, traders have a single discussion, and soda ash prices remain stable overall.