Analysis of soda ash market
Today, China's soda ash market is mainly on the sidelines. As of now, the price of light soda ash in Southwest China is 2,250 - 2,500 yuan/ton, and the price of heavy soda ash is 2,400 - 2,550 yuan/ton; the price of light soda ash in South China is 2,400 - 2,500 yuan/ton, and the price of heavy soda ash is 2,500 - 2,600 yuan/ton; On the first working day after today's holiday, the soda ash market price remains stable, downstream companies are recovering one after another, and market inquiries will also follow suit. Soda ash manufacturers have started operations to maintain a high level. Soda plants in the south are recovering. Other companies are starting well. In the short term, the soda ash market will maintain stable operation.
Futures dynamics
During the Spring Festival holiday, the soda ash market was relatively stable. During this period, manufacturers accumulated nearly 260,000 tons. The current total inventory of manufacturers has rebounded to nearly 690,000 tons. Recently, there has been news that many imported alkali ships have arrived in Hong Kong, and it is rumored that the Yuanxing Fourth Line has reached production capacity, and market transactions have been poor after the resumption of work. However, macro sentiment rebounded before the holiday, combined with the latest announcement that China's social finance growth greatly exceeded expectations, and the gap between M1 and M2 scissors narrowed. China's macro economy was driven by further recovery. Although overseas inflation data fell less than expected, its impact on Chinese commodities was relatively limited. After the holiday, the soda ash market needs to observe the game situation between its own negative drive and macro and cost support.
market outlook
After the holiday, inquiries in the soda ash market have resumed one after another, and the market supply is high. The market is waiting for a new round of price announcements. It is reported that traders 'inventories are not high, but the demand side has limited willingness to replenish stocks. It is expected that the soda ash market will be volatile and weak.
