Analysis of soda ash market
Today, China's soda ash spot market is operating in a volatile manner. As of now, the price of light soda ash in North China is between 1,950 - 2,050 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,250 yuan/ton; the price of light soda ash in East China is between 1,900 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,100 yuan/ton; this week, some companies in the market have reduced their equipment production, and the operating rate of the soda ash industry has dropped slightly; Demand in the downstream market has basically remained stable, companies have maintained a need for procurement, soda plants in some areas have been removed from warehouses, low market prices have rebounded, and the soda ash market may continue to show a positive trend.
Futures dynamics
According to Boduo data, the opening price of SA2405, the main contract for soda ash, on March 11, was 1940 yuan/ton, and finally closed at 1888 yuan/ton, an increase of-2.38% within the day. The highest intraday session was 1945 yuan/ton, the lowest was 1863 yuan/ton, with a total position of 516629 lots, a month-on-month period of-4142 lots.
Today, the main contract for soda ash dropped sharply. Last Friday night, due to the fact that the price of heavy alkali in the spot market remained basically unchanged, the market lacked a market that continued to drive upward after the basis was repaired. Coupled with the limited probability of a major adjustment in manufacturers 'quotations on Monday, funds began to leave the market significantly. In early trading today, the market was waiting for changes in the spot quotations of major manufacturers, but it turned into volatile operations after learning that manufacturers 'quotations were delayed. In the short term, we need to observe tomorrow's major factory pricing decisions and market changes on the mentality of the middle and lower reaches.
market outlook
This week, the operating rate of the soda ash market was slightly adjusted, but the overall start-up of the company was at a high level. With the consumption of inventory in the downstream market, shipments of some soda plants increased, and low-cost supplies in the market gradually decreased, and the soda ash market gradually recovered.
