[Soda ash] January 17 Soda ash Daily Review

Analysis of soda ash market

Today, the price of soda ash in China is weak and stable. As of now, the price of light soda ash in Northeast China is between 2,450 - 2,600 yuan/ton, and the price of heavy soda ash is between 2,500 - 2,700 yuan/ton; the price of light soda ash in Northwest China is between 2,000 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,100 - 2,200 yuan/ton; Recently, the start-up of enterprises in the soda market has basically remained normal, with some slight reductions, and the overall impact is not significant; Downstream demand remains stable. The Spring Festival holiday is approaching. The purchasing sentiment of individual downstream companies has increased. Most of them are mainly just demand. Companies are cautious in purchasing sentiment, and the soda ash market is still weak.

Futures dynamics

According to data from Boduo, on January 17, the opening price of SA2405, the main contract for soda ash, was 1926 yuan/ton, and the settlement price was 1919 yuan/ton, the highest was 1958 yuan/ton, and the lowest was 1879 yuan/ton, with 490278 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.