[Soda ash] January 3 soda ash daily review

Analysis of soda ash market

Today, China's soda ash market is still weak. As of now, the price of light soda ash in South China is between 2,900 - 2,950 yuan/ton, and the price of heavy soda ash is between 2,950 - 3,050 yuan/ton; the price of light soda ash in Northeast China is between 2,700 - 2,800 yuan/ton, and the price of heavy soda ash is between 2,750 - 2,900 yuan/ton; soda ash companies have started to maintain a high level, the market supply is overabundant, and the market price is steadily declining; Demand in the downstream market has temporarily stabilized. Affected by the market buying up or not buying down, corporate purchasing sentiment is weak, and some market participants are bearish on the future outlook, and prices are operating steadily and weakly.

Futures dynamics

According to data from Boduo, on January 3, the opening price of SA2405, the main contract for soda ash, was 2010 yuan/ton, and the settlement price was 2042 yuan/ton, the highest was 2092 yuan/ton, the lowest was 1985 yuan/ton, with 481576 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.