Analysis of soda ash market
Today, China's soda prices continue to decline mainly. As of now, the price of light soda ash in Southwest China is between 2,350 - 2,550 yuan/ton, and the price of heavy soda ash is between 2,600 - 2,750 yuan/ton; the price of light soda ash in Central China is between 2,200 - 2,550 yuan/ton, and the price of heavy soda ash is between 2,400 - 2,650 yuan/ton; soda ash prices continue to fall, corporate shipping pressure has increased, most soda manufacturers have increased inventories, and spot prices have remained weak; Downstream demand has basically remained stable, but companies are more cautious in purchasing and have a light mentality of stocking. Most market participants are mostly bearish on the future outlook, and the soda ash market is operating steadily and weakly.
Futures dynamics
According to data from Boduo, on January 11, the opening price of SA2405, the main contract for soda ash, was 1840 yuan/ton, and the settlement price was 1848 yuan/ton, the highest was 1872 yuan/ton and the lowest was 1823 yuan/ton, with 512361 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.
