Analysis of soda ash market
Today, the price of soda ash in China has temporarily stabilized. As of now, the price of light soda ash in Northeast China is 2,100 - 2,200 yuan/ton, the price of heavy soda ash is 2,200 - 2,300 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 2,100 - 2,200 yuan/ton; some maintenance companies resumed production in the early stage, and the market operating rate has increased; Recently, the market sentiment for stocking has increased, companies have increased orders on hand, and some manufacturers have gone to the warehouse. The overall demand in the soda ash market has stabilized, the market transaction atmosphere has improved, and the soda ash market has operated stably.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on April 11, was 1945 yuan/ton, and finally closed at 1906 yuan/ton, an increase of-1.40% within the day. The intraday high was 1956 yuan/ton, the lowest was 1901 yuan/ton, with a total position of 722580 lots, a month-on-month +15203 lots.
Today, the main contract for soda ash fell slightly after surging higher. Supply-side maintenance has resumed recently, but the actual dynamic supply-demand relationship is still tight. The downward trend in the afternoon was more affected by the improvement of product specifications of a large natural soda factory, which affected market sentiment. In the short term, we need to continue to pay attention to whether the mentality and intensity of replenishment in the middle and lower reaches can continue the market.
market outlook
Maintenance companies have resumed production, and market start-up expectations have increased; soda ash prices are low. Some market participants believe that the price has hit bottom and companies have stocked up. Soda ash companies have increased orders on hand, and manufacturers 'inventories have been slightly removed. It is expected that the soda ash market may pick up.
