Analysis of soda ash market
Today, the spot price of soda ash in China is basically stable. As of now, the price of light soda ash in East China is 2,000 - 2,400 yuan/ton, and the price of heavy soda ash is 2,250 - 2,350 yuan/ton; the price of light soda ash in North China is 2,300 - 2,400 yuan/ton, and the price of heavy soda ash is 2,300 - 2,500 yuan/ton; Demand in the downstream market for soda ash is weak, the transaction situation of new orders in the market is weak, manufacturers are under pressure to ship, and the inventory of some manufacturers is still increasing; manufacturers are still starting at a high level, the supply and demand relationship in the soda ash market is unbalanced, and the market is operating weakly.
Futures dynamics
According to Boduo data, the opening price of SA2405, the main contract for soda ash, on February 22, was 1838 yuan/ton, and finally closed at 1852 yuan/ton, an intraday increase of +0.05%. The intraday high was 1868 yuan/ton, the lowest was 1835 yuan/ton, with a total position of 480794 lots, a month-on-month +6415 lots.
Today, the main contract for soda ash generally maintained a narrow range of fluctuations. Intraday fluctuations are mainly affected by the overall commodity environment sentiment trading. There is no strong news drive. The weak logic of soda ash itself is currently supported by 1800 yuan, and there is a temporary lack of further downward drive. The market is currently waiting for the downstream resumption of work after the holiday and further feedback from the spot side, before this, the market may be dominated by shocks.
market outlook
Demand in the downstream market is weak, companies are not willing to purchase, and the market has a strong wait-and-see attitude. The main focus is on replenishment. While the market supply is high, the soda ash market is oversupply, and the inventory of some companies is increasing. It is expected that the soda ash market will fluctuate in the short term. Weak operation.
