Analysis of soda ash market
Today, China's soda ash market is basically stable. As of now, the price of light soda ash in South China is 2,200 - 2,250 yuan/ton, and the price of heavy soda ash is 2,300 - 2,400 yuan/ton; the price of light soda ash in North China is 1,950 - 2,050 yuan/ton, and the price of heavy soda ash is 2,150 - 2,250 yuan/ton; the start-up of soda ash enterprises is basically stable and the industry supply is sufficient; Most downstream companies maintain just need to purchase, and the market transaction atmosphere is acceptable. However, the current market demand temporarily lacks support for the rise of soda ash, and the soda ash market will operate stably in the short term.
Futures dynamics
According to Boduo data, the opening price of SA2405, the main contract for soda ash, on March 18, was 1808 yuan/ton, and finally closed at 1824 yuan/ton, an increase of 0.16% within the day. The highest intraday session was 1826 yuan/ton, the lowest was 1767 yuan/ton, with a total position of 479566 lots, a month-on-month period of-26281 lots.
Today, the main contract for soda ash bottomed out and rebounded mainly. At present, the overall changes in the spot market are limited. Spot quotes are relatively stable during the week. The space above futures prices is closed. The market is still trading in the medium and long-term excess logic, but the bottom is also supported by costs. In addition, subsequent supply side maintenance plans do not rule out the continued increase in upstream prices. 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
Market supply remains high. With the increase in new orders, market supply and demand have basically remained balanced, and prices have remained relatively stable; however, some companies are still relatively cautious in purchasing and mainly wait and see the market. Soda ash prices will operate firmly in the short term.
