[Soda ash] January 10 soda ash daily review

Analysis of soda ash market

Today, China's soda ash market is operating weakly and steadily. As of now, the price of light soda ash in North China is 2,400 - 2,700 yuan/ton, and the price of heavy soda ash is 2,700 - 2,800 yuan/ton; the price of light soda ash in Central China is 2,300 - 2,600 yuan/ton, and the price of heavy soda ash is 2,400 - 2,650 yuan/ton; Market supply is gradually increasing, downstream demand remains in demand, willingness to stock goods is temporarily low, and procurement is still relatively cautious. Production and sales in the soda ash market have basically remained balanced, but spot prices are weak, and the market wait-and-see attitude remains strong.

Futures dynamics

According to data from Boduo, on January 10, the opening price of SA2405, the main contract for soda ash, was 1910 yuan/ton, and the settlement price was 1878 yuan/ton, the highest was 1919 yuan/ton, and the lowest was 1843 yuan/ton, with 505088 positions held.

market outlook

As soda ash prices continue to fall, there is pressure on companies to ship. In addition, there are still expectations of an increase in market supply. Companies are less willing to stock up and maintain more positions. The soda ash market continues to be weak, and prices are expected to fluctuate downward.