Analysis of soda ash market
Today, the price of soda ash in China continues to decline. As of now, the price of light soda ash in Northwest China is 2,100 - 2,250 yuan/ton, and the price of heavy soda ash is 2,150 - 2,300 yuan/ton; the price of light soda ash in Southwest China is 2,500 - 2,650 yuan/ton, and the price of heavy soda ash is 2,700 - 2,800 yuan/ton; Today, the prices of new orders of some enterprises have been adjusted one after another, with a drop of around 100 yuan/ton. The output of enterprises with equipment restoration has gradually increased, and the market starts are still high; soda ash prices have dropped sharply, and market procurement has been more cautious. The main need to replenish stocks is just, and the wait-and-see attitude is strong., the soda ash market remains weak.
Futures dynamics
According to data from Boduo, on January 9, the opening price of SA2405, the main contract for soda ash, was 1953 yuan/ton, and the settlement price was 1948 yuan/ton, the highest was 1975 yuan/ton and the lowest was 1922 yuan/ton, with 484141 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.
