Analysis of soda ash market
Today, the price of soda ash in China is stable and declining. As of now, the price of light soda ash in Northwest China is between 2,100 - 2,300 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,400 yuan/ton; the price of light soda ash in South China is between 2,700 - 2,800 yuan/ton, and the price of heavy soda ash is between 2,800 - 2,900 yuan/ton; the spot price of soda ash has continued to decline. Enterprises under maintenance have resumed production, and the market supply has started to be high; Downstream demand is weak. Due to the continued decline in the market, companies are more cautious in purchasing and a strong wait-and-see attitude, and the soda ash market remains weak.
Futures dynamics
According to data from Boduo, on January 8, the opening price of SA2405, the main contract for soda ash, was 1950 yuan/ton, and the settlement price was 1940 yuan/ton, the highest was 1962 yuan/ton, and the lowest was 1913 yuan/ton, with 479660 positions held.
market outlook
As the price of soda ash continues to fall, there is pressure on company shipments. Coupled with the rapid decline in prices, product profitability has dropped sharply. The output of individual companies has been adjusted this week, and the market continues to be weak. In the later period, soda ash output is expected to decline.
