[Soda ash] January 2 soda ash daily review

Analysis of soda ash market

Today, the price of soda ash in China has collectively declined. As of now, the price of light soda ash in Northeast China is 2,750 - 2,850 yuan/ton, and the price of heavy soda ash is 2,800 - 3,000 yuan/ton; the price of light soda ash in Northwest China is 2,500 - 2,600 yuan/ton, and the price of heavy soda ash is 2,550 - 2,700 yuan/ton; In the early stage of today, some maintenance companies resumed production, and market supply has increased; Some companies still have early orders in hand, and shipments are relatively smooth. Some companies still show signs of accumulating stocks, but the impact is not significant; demand in the downstream market is weak and stable, companies have a strong wait-and-see attitude, and they maintain just need to purchase. Some market participants are somewhat bearish on the future outlook., soda ash prices are stable and weakening.

Futures dynamics

According to data from Boduo, on January 2, the opening price of SA2405, the main contract for soda ash, was 2010 yuan/ton, and the settlement price was 2024 yuan/ton. The highest price was 2047 yuan/ton and the lowest price was 2000 yuan/ton, with 475649 positions held.

market outlook

The supply of soda ash in the market is expected to increase. Near the end of the year, some companies have plans to stock up, but the purchasing sentiment of companies is weak and the wait-and-see mentality is strong. They maintain just need to purchase, and the price of soda ash in the market is weak and downward.