[Soda ash]3.13 Soda ash Daily Review: Soda ash market stabilizes

Analysis of soda ash market

Today, the market price of soda ash in China is basically stable. As of now, the price of light soda ash in Northeast China is between 2,100 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,300 yuan/ton; the price of light soda ash in South China is between 2,200 - 2,250 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,400 yuan/ton; this week, market soda ash companies Fengcheng in Xuzhou in Jiangsu and Fantou in Qinghai reduced their production units, while other companies still maintain high levels when starting operations; Due to the good demand in the downstream market, companies have increased orders on hand, and the inventory pressure on soda ash manufacturers has eased; the market supply and demand relationship has changed, corporate quotations have been firm, and the soda ash market has maintained stability.

Futures dynamics

According to Boduo data, the opening price of SA2405, the main contract for soda ash, on March 13, was 1872 yuan/ton, and finally closed at 1879 yuan/ton, an increase of 0.00% within the day. The highest intraday session was 1900 yuan/ton, the lowest was 1865 yuan/ton, with a total position of 526787 lots, a month-on-month period of-8855 lots.

Today, the main contract for soda ash fluctuated within a narrow range. The overall changes in the current spot market are limited. Soda ash futures prices are not sufficiently driven upward and are also supported by costs downward. In addition, the subsequent supply-side inventory maintenance plan does not rule out the continued increase in upstream price fixing. The market lacks a strong drive and capital reduction is the main focus. In the short term, if there are no new events driving futures prices or operating in a volatile manner within a reasonable basis range, the main reason is that futures prices fluctuate.

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.