Analysis of soda ash market
Today, the price of soda ash in China is weak and stable. As of now, the price of light soda ash in Central China is between 2,550 - 2,750 yuan/ton, and the price of heavy soda ash is between 2,650 - 2,800 yuan/ton; the price of light soda ash in North China is between 2,600 - 2,700 yuan/ton, and the price of heavy soda ash is between 2,750 - 2,800 yuan/ton; the focus of transactions in the soda market is stable and downward, regional prices are gradually falling, and enterprises are more cautious in purchasing; Demand in the downstream market has temporarily stabilized, affected by market buying up and not buying down, and some market participants are more bearish on the future outlook, so soda ash prices are stable and weak.
Futures dynamics
According to data from Boduo, on January 4, the opening price of SA2405, the main contract for soda ash, was 2072 yuan/ton, and the settlement price was 2039 yuan/ton. The highest price was 2095 yuan/ton and the lowest price was 1986 yuan/ton, with 501091 positions held.
market outlook
The soda ash market started to remain at a high level, and the supply of soda ash is relatively sufficient. Near the end of the year, some companies have stock plans, but companies are more cautious in purchasing and have a strong wait-and-see attitude. They maintain just need to purchase, and the soda ash market is stable and weak.
