[Soda ash]3.19 Soda ash Daily Review: Soda ash companies have a strong wait-and-see attitude

Analysis of soda ash market

Today, the price of soda ash in China has been adjusted within a narrow range, and the overall market has not changed much. As of now, the price of light soda ash in Northwest China is between 1,650 - 1,700 yuan/ton, and the price of heavy soda ash is between 1,700 - 1,750 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; soda ash companies are still operating at a high level when they start, and the company has no maintenance plans this week; Enterprises have delivered orders in hand, inventory pressure has eased, downstream demand has been weak and stable, and the market has a strong wait-and-see attitude. In the short term, the soda ash market will continue to operate steadily.

Futures dynamics

According to Boduo data, the opening price of SA2405, the main contract for soda ash, on March 19, was 1824 yuan/ton, and finally closed at 1868 yuan/ton, an increase of 3.89% within the day. The highest intraday session was 1882 yuan/ton, the lowest was 1808 yuan/ton, with a total position of 458002 lots, a month-on-month period of-21564 lots.

Today, the main contract for soda ash rebounded sharply. Today, many varieties of the commodity market experienced a rebound driven by a large number of short orders and taking profits. The overall market atmosphere showed signs of improvement, and soda ash rebounded strongly at the same time. In addition, the news once again spread that the supply side was disturbed in conjunction with the market fermentation. Recently, the price of soda ash in the spot market has remained stable, and most soda factories mainly implement orders in hand. In the follow-up, we need to pay attention to whether the upstream price increase can improve the purchasing mentality of the middle and lower reaches.

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.