Analysis of soda ash market
Today, some regions in China's soda ash market have adjusted slightly. As of now, the price of light soda ash in East China is between 1,850 - 2,150 yuan/ton, and the price of heavy soda ash is between 1,950 - 2,150 yuan/ton; the price of light soda ash in Central China is between 1,800 - 1,950 yuan/ton, and the price of heavy soda ash is between 1,900 - 2,000 yuan/ton; Some maintenance companies resumed production in the early stage, and market output is expected to increase in the later stage; Recently, the market transaction atmosphere has been light, and the inventory of individual companies has increased; downstream companies are still not enthusiastic about stocking up, and they are mainly in need of procurement, and are expected to operate steadily in a short period of time.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on April 1, was 1781 yuan/ton, and finally closed at 1783 yuan/ton, an increase of 1.31% within the day. The highest intraday session was 1805 yuan/ton, the lowest was 1740 yuan/ton, with a total position of 645848 lots, a month-on-month period of-13626 lots.
Today, the main contract for soda ash is mainly volatile. The logic of weak fundamentals of soda ash has not been significantly improved. This week, the prices of major manufacturers were lowered again, and manufacturers 'inventories continued to accumulate over the weekend, once again compressing the space above the market. However, the current cost support is still strong, speculative funds backed by costs still exist, and the market environment is strong. Today's bad news has not caused an overreaction to the soda ash market. In the short term, the market volatility space will continue to compress and temporarily fluctuate.
market outlook
In the short term, some soda ash manufacturers will maintain reduced production, and early maintenance companies will resume production. Market starts are expected to increase slightly. Production and sales in the soda ash market are basically balanced, and there is no favorable market to support the upward trend. In the short term, soda ash prices will be adjusted mainly in a narrow range.
