Analysis of soda ash market
Today, the price of soda ash in China remains stable. As of now, 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; 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; with the basic balance of market supply and demand, the soda ash market has gradually stabilized and the market is operating well; Downstream enterprises have basically completed procurement, and there is a certain inventory of raw materials. Some enterprises just need to purchase mainly, and the soda ash market is operating weakly and stably.
Futures dynamics
According to Boduo data, the opening price of SA2405, the main contract for soda ash, on March 14, was 1887 yuan/ton, and finally closed at 1812 yuan/ton, an increase of-3.67% within the day. The highest intraday session was 1887 yuan/ton, the lowest was 1806 yuan/ton, with a total position of 498303 lots, a month-on-month period of-28484 lots.
Today, the main contract for soda ash dropped sharply again. Today, affected by the news that a large factory natural soda met delivery standards and a large number of imported alkali arrived in Hong Kong, the market fell sharply. At present, the overall changes in the spot market are limited, the spot price is stable, the space above futures prices is closed, and the market is still trading medium-and long-term excess logic, but the bottom is also supported by costs, and subsequent supply-side maintenance plans do not rule out the continued increase in upstream price stabilization. At present, the market lacks a strong driving force, and funds are mainly reduced and moved positions. In the short term, if there are no new events driving futures prices or running weak and volatile within a reasonable basis range.
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. Downstream companies had a certain inventory of raw materials. The market purchasing sentiment slowed down, and most of them maintained just-needed purchases. In the short term, the soda ash market will maintain stability.
