[Soda ash]4.16 Soda ash Daily Review: Soda ash prices are firm and some low prices have rebounded

Analysis of soda ash market

Today, the price of soda ash in China remains firm. As of now, 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 1,850 - 2,000 yuan/ton; the price of light soda ash in Northwest China is between 1,600 - 1,650 yuan/ton, and the price of heavy soda ash is between 1,600 - 1,700 yuan/ton; recently, the market supply has been relatively stable, and the installation load of individual enterprises has been slightly adjusted; At present, the orders on hand by enterprises are still acceptable, and the inventory of some manufacturers has been slightly removed from the warehouse. The market production and sales are basically balanced, and soda ash prices are temporarily stable. Downstream enterprises still maintain just need to purchase, and the market supply and demand are in a game, and soda ash prices in some areas are discussed separately.

Futures dynamics

According to Boduo data, the opening price of SA2409, the main contract for soda ash, on April 16, was 1928 yuan/ton, and finally closed at 1899 yuan/ton, an increase of-1.35% within the day. The highest intraday session was 1933 yuan/ton, the lowest was 1893 yuan/ton, with a total position of 729307 lots, a month-on-month period of-10765 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, and some market participants believe that the price has hit bottom, and some companies have stocked up; soda ash stocks are still at a high level, and companies in some regions are actively shipping, and the price of new orders has been adjusted in a narrow range.