Analysis of soda ash market
Today, the market price of soda ash in China remains stable. As of now, the price of light soda ash in East China is between 2,300 - 2,500 yuan/ton, and the price of heavy soda ash is between 2,350 - 2,750 yuan/ton; the price of light soda ash in South China is between 2,400 - 2,500 yuan/ton, and the price of heavy soda ash is between 2,500 - 2,600 yuan/ton; soda ash companies still have some orders in hand, and the start-up of enterprises is basically stable, mainly scheduled delivery, and manufacturers remove more inventory; Demand in the downstream market remains average, with procurement being the main focus. There is little pressure on soda ash companies to ship, and the soda ash market is running steadily.
Futures dynamics
According to data from Boduo, on January 31, the opening price of SA2405, the main contract for soda ash, was 1936 yuan/ton, and the settlement price was 1936 yuan/ton, the highest was 1952 yuan/ton and the lowest was 1912 yuan/ton, with 471307 positions held.
market outlook
Soda ash manufacturers have successively delivered scheduled orders, and inventories have maintained a downward trend. As some downstream companies complete stocking up, some companies have maintained just purchasing needs. The market supply and marketing are basically balanced, and the soda ash market will operate stably in the short term.
