[Soda ash] January 16 Daily Review of Soda ash

Analysis of soda ash market

Today, China's soda ash market still maintains a weak operation. As of now, the price of light soda ash in Southwest China is 2,250 - 2,450 yuan/ton, and the price of heavy soda ash is 2,400 - 2,550 yuan/ton; the price of light soda ash in Northwest China is 2,000 - 2,150 yuan/ton, and the price of heavy soda ash is 2,100 - 2,200 yuan/ton; Soda ash prices have continued to fall to low levels. Coupled with the approaching Spring Festival holiday, the shipment situation of some companies at low prices has improved. The pressure of high-priced shipments is still high, and corporate prices are still undergoing many adjustments. Demand in the downstream market is sluggish, companies are cautious in purchasing, and soda ash market is still weak.

Futures dynamics

According to data from Boduo, on January 16, the opening price of SA2405, the main contract for soda ash, was 1840 yuan/ton, and the settlement price was 1890 yuan/ton, the highest was 1930 yuan/ton, and the lowest was 1839 yuan/ton, with 467617 positions held.

market outlook

The soda ash market continues to operate weakly, and prices continue to fall. Although the Spring Festival holiday is approaching, the market's willingness to purchase has not increased significantly. The soda ash market continues to be weak, and prices are expected to fluctuate downward.