Analysis of soda ash market
Today, China's soda ash market is stable. As of now, the price of light soda ash in northwest China is between 1,550 - 1,650 yuan/ton, and the price of heavy soda ash is between 1,550 - 1,700 yuan/ton; 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; today, some companies in the soda ash market have reduced production, and market starts have dropped slightly; Market shipments remain just in demand, the market sentiment for stocking is not positive for the time being, the transaction atmosphere is general, corporate procurement is still cautious, and the soda ash market is mostly operating steadily.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on March 26, was 1777 yuan/ton, and finally closed at 1779 yuan/ton, an increase of-1.22% within the day. The intraday high was 1802 yuan/ton, the lowest was 1762 yuan/ton, with a total position of 639214 lots, a month-on-month +30440 lots.
Today, the main contract for soda ash fluctuated within a narrow range. The logic of weak fundamentals remains unchanged. However, there are news of individual disturbances on the supply side in the market today. However, on the basis of the total excess remaining unchanged, the overall impact is relatively limited, and the market has not yet over-interpreted this. At present, during the expected trading stage of the 09 contract, the underlying cost support may weaken. However, we also need to be wary of a large number of upstream price increases and production cuts, and the downstream replenishment of light alkali stocks once again driving market sentiment.
market outlook
In the short term, some soda ash manufacturers will maintain reduced production. In the early stage, some enterprises will resume production, and the rest of the manufacturers have no maintenance plans. Market demand remains stable, and most of them need procurement. The market has a strong wait-and-see attitude. In the later stage, soda ash prices may fluctuate within a narrow range. Adjustment.
