[Soda ash]3.12 Soda ash Daily Review: Soda ash market price adjusted within a narrow range

Analysis of soda ash market

Today, prices in individual regions of China's soda ash market have been adjusted within a narrow range. As of now, the price of light soda ash in northwest China is between 1,700 - 1,800 yuan/ton, and the price of heavy soda ash is between 1,800 - 1,950 yuan/ton; the price of light soda ash in southwest China is between 1,900 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,200 yuan/ton; With the continuous adjustment of soda ash prices in some areas, the willingness of downstream companies to purchase has increased compared with the previous period, manufacturers 'inventories have shown a downward trend, and most quotations for soda ash have remained firm; recently, the start-up of enterprises has basically remained high, and the number of installations in individual companies has been reduced. Supply and demand in the soda ash market has changed.

Futures dynamics

According to Boduo data, the opening price of SA2405, the main contract for soda ash, on March 12, was 1878 yuan/ton, and finally closed at 1865 yuan/ton, an increase of-1.79% within the day. The intraday high was 1907 yuan/ton, the lowest was 1855 yuan/ton, with a total position of 535642 lots, a month-on-month +19013 lots.

Today, the main contract for soda ash continues to fall. The quotes from major manufacturers in the spot market did not change today, resulting in the closure of the space above futures prices. After the market lacked upward drive, some multiple orders took profits and left the market, which also formed a certain negative feedback on the downstream purchasing mentality. Under the overall surplus pattern, futures prices continued to rush back. However, in view of the fact that the continuity of the current replenishment market for light soda companies is not yet clear, and the cost support still exists, the space below is also limited, and subsequent futures prices may mainly operate in weak and volatile conditions within a reasonable basis.

market outlook

This week, the operating rate of the soda ash market has been slightly adjusted, but the overall start-up of the company is at a high level. With the consumption of inventory in the downstream market, shipments of some soda plants have increased, and manufacturers 'inventories have gradually declined. The market transaction atmosphere is good. In the short term, soda ash prices in some regions may be slightly adjusted.