[Soda ash] December 27 Soda ash Daily Review

Analysis of soda ash market

Today, China's spot soda market is stable and weakening. As of now, the price of light soda ash in East China is between 2,650 - 2,900 yuan/ton, and the price of heavy soda ash is between 2,850 - 3,000 yuan/ton; the price of light soda ash in Central China is between 2,600 - 2,850 yuan/ton, and the price of heavy soda ash is between 2,750 - 2,900 yuan/ton; this week, due to the impact of equipment start-up by individual companies, other companies are relatively normal to start operations, and the market supply improvement is limited; The inventory of individual companies was high, the price of new orders was weakened, and the market was gradually correcting. Downstream demand was basically stable, and procurement was maintained just in need, and the market had a strong wait-and-see attitude.

Futures dynamics

According to data from Boduo, on December 27, the opening price of SA2405, the main contract for soda ash, was 2094 yuan/ton, and the settlement price was 2088 yuan/ton, the highest was 2109 yuan/ton, and the lowest was 2065 yuan/ton, with 477115 positions held.

market outlook

The production and sales of the soda ash market have basically maintained a balance, and the overall operating pressure of the soda ash industry is not great. Near the end of the year, some companies have plans to stock up, and soda ash shipments may increase in the later period, but there is still some resistance to high-priced soda ash. It is expected that the soda ash market will remain volatile in the short term. operation.