[Soda ash]4.22 Soda ash Daily Review: The soda ash market collectively raises orders from some enterprises

Analysis of soda ash market

Today, the price of soda ash in China has increased, with a price increase of 50-150 yuan/ton. As of now, the price of light soda ash in Southwest China is between 1,900 - 2,000 yuan/ton, and the price of heavy soda ash is between 2,050 - 2,150 yuan/ton; The price of light soda ash in Central China is between 1,900 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,200 yuan/ton; Soda ash prices are low, and soda plants in some areas have reduced production. Due to the increase in low-cost purchases in the downstream market, market procurement enthusiasm has increased. Some companies have increased orders on hand and manufacturers 'inventories have been removed. Today, soda ash prices are rising steadily.

Futures dynamics

According to Boduo data, the opening price of SA2409, the main contract for soda ash, on April 22, was 2100 yuan/ton, and finally closed at 2150 yuan/ton, an intraday increase of +2.28%. The intraday high was 2186 yuan/ton, the lowest was 2085 yuan/ton, with a total position of 794376 lots, a month-on-month +46110 lots.

Today, the main contract for soda ash continues to rise as a whole. Recently, supply-side inspections have continued, and the dynamic supply-demand relationship remains tight in the second quarter, and photovoltaic growth expectations are strong. Soda ash prices may remain strong until expectations of overall supply reduction and demand increase in the distant month cannot be falsified. In the short term, we need to guard against the correction of the overall macro environment and negative feedback that selling pressure may occur in the middle of the market.

market outlook

The price of soda ash is low, the sentiment of downstream companies to stock up has increased, the number of orders to be issued by soda factories has increased, and manufacturers have more inventory. Some soda factories have more orders, and the supply of goods is tight. Companies have closed orders and will not quote for the time being. It is expected that soda ash prices will rise within a narrow range.