[Soda ash] January 18 Daily Review of Soda ash

Analysis of soda ash market

Today, prices in individual regions of China's soda ash market have been adjusted within a narrow range. As of now, the price of light soda ash in the northwest region is between 1,900 - 2,000 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,150 yuan/ton; the price of light soda ash in the southwest region is between 2,250 - 2,450 yuan/ton, and the price of heavy soda ash is between 2,400 - 2,550 yuan/ton; affected by the market, installation starts of individual manufacturers have dropped slightly; Transactions in the soda ash market were light, the overall inventory of soda ash manufacturers increased within a narrow range, and downstream companies were generally enthusiastic about purchasing, most of which were mainly in demand. The soda ash market remained weak.

Futures dynamics

According to data from Boduo, on January 18, the opening price of SA2405, the main contract for soda ash, was 1875 yuan/ton, and the settlement price was 1875 yuan/ton, the highest was 1918 yuan/ton, the lowest was 1846 yuan/ton, with 483595 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.