[Soda ash]3.20 Soda ash Daily Review: Soda ash market is temporarily stable

Analysis of soda ash market

Today, China's soda ash market is temporarily stable. As of now, the price of light soda ash in Southwest China is between 1,900 - 1,950 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,100 yuan/ton; the price of light soda ash in Northwest China is between 1,600 - 1,700 yuan, and the price of heavy soda ash is between 1,700 - 1,750 yuan/ton; Recently, the soda ash market has not changed much, and the market transaction atmosphere is general. Enterprises still maintain a high level when starting operations, and mainly deliver orders in hand; Downstream companies maintain just need to purchase, market production and sales are basically balanced, soda ash prices are basically stable, and the market has a strong wait-and-see attitude.

Futures dynamics

According to Boduo data, the opening price of SA2405, the main contract for soda ash, on March 20, was 1880 yuan/ton, and finally closed at 1808 yuan/ton, an increase of-2.06% within the day. The intraday high was 1887 yuan/ton, the lowest was 1808 yuan/ton, with a total position of 463957 lots, a month-on-month period of 5975 lots.

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.