Analysis of soda ash market
Today, the operation of China's soda ash market is temporarily stable. As of now, the price of light soda ash in South China is between 2,050 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,300 yuan/ton; the price of light soda ash in North China is between 1,950 - 2,050 yuan/ton, and the price of heavy soda ash is between 2,100 - 2,200 yuan/ton; the supply of soda ash in the market has basically remained stable, with a small reduction in production in some soda factories, and the overall market supply has remained relatively high; Enterprises have successively delivered orders in hand, and the signing of new orders is still average, and procurement needs to be maintained. However, due to the early maintenance of individual manufacturers, the soda ash inventory situation has been polarized. The supply of soda ash in some regions has remained tight. Prices have increased slightly this week. Currently, the market The overall inventory is high, and soda ash prices are operating firmly.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on April 17, was 1892 yuan/ton, and finally closed at 1933 yuan/ton, an intraday increase of +1.31%. The intraday high was 1934 yuan/ton, the lowest was 1868 yuan/ton, with a total position of 740195 lots, a month-on-month +10888 lots.
Today, the main contract for soda ash has bottomed out and rebounded overall. Recently, supply-side inspections have continued, and the actual dynamic supply-demand relationship is still tight. The rally in the afternoon is more driven by macro sentiments and the impact of the related commodity environment. Although the current downstream undertaking in the soda ash market is limited, there is still some support from the bottom before the tight supply and demand expectations are falsified, and the short-term or continuous shocks will be dominated.
market outlook
This week, the equipment of some soda ash companies is still under maintenance, but the overall impact is not significant, and the market supply is relatively high; the downstream market demand is basically stable, and companies maintain a just need to purchase. The market transaction atmosphere is general. Although soda ash stocks are high, the inventory distribution is relatively uneven. The supply of soda ash in some regions is relatively tight, and soda ash prices are expected to operate firmly in the short term, and narrow adjustment expectations are expected in some regions.
