[Soda ash]1.25 Soda ash Daily Review: The market is temporarily stable, downstream procurement maintains just demand

Analysis of soda ash market

Today, China's soda ash market has temporarily stabilized. As of now, the price of light soda ash in East China is 2,300 - 2,500 yuan/ton, and the price of heavy soda ash is 2,350 - 2,750 yuan/ton; the price of light soda ash in Central China is 2,200 - 2,550 yuan/ton, and the price of heavy soda ash is 2,350 - 2,650 yuan/ton; Some soda ash companies have temporarily reduced production, but the overall market starts are still high; Downstream inquiries are relatively stable, but procurement is still relatively cautious and needs are maintained. Soda ash companies place orders on hand, and the market is running steadily.

Futures dynamics

According to data from Boduo, on January 25, the opening price of SA2405, the main contract for soda ash, was 2125 yuan/ton, and the settlement price was 2094 yuan/ton. The highest price was 2129 yuan/ton and the lowest price was 2065 yuan/ton, with 484409 positions held.

market outlook

As the Spring Festival holiday approaches, market inquiries have improved more, low-priced goods in the market have decreased, some companies have increased orders on hand, manufacturers have removed more inventory, pressure on soda ash inventory has eased, prices have run firm, and the soda ash market will maintain stability in the short term.