Analysis of soda ash market
Today, the price of soda ash in China is stable. As of now, the price of light soda ash in North China is between 2,150 - 2,350 yuan/ton, and the price of heavy soda ash is between 2,250 - 2,400 yuan/ton; the price of light soda ash in Northeast China is between 2,250 - 2,450 yuan/ton, and the price of heavy soda ash is between 2,300 - 2,500 yuan/ton; some preliminary maintenance enterprises have resumed construction and gradually stabilized, and supply has rebounded slightly; However, the market transaction atmosphere has been strong recently, market inquiries have increased, and soda ash prices are expected to continue to be stable and positive in the short term.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on April 25, was 2155 yuan/ton, and finally closed at 2271 yuan/ton, an intraday increase of +5.53%. The intraday high was 2279 yuan/ton, the lowest was 2150 yuan/ton, with a total position of 879715 lots, a month-on-month +64859 lots.
Soda ash futures prices rose sharply today, and the overall operation continued to be strong. The main contract is facing summer maintenance and a large number of photovoltaic growth expectations. Before this expectation cannot be falsified, the supply and demand relationship of soda ash is expected to continue to be tight, and soda ash prices are strongly supported. In addition, market rumors that the upstream pricing meeting boosted the news further opened up room for upside. In the short term, soda ash prices may remain strong, but it is necessary to prevent profit-making funds from leaving the market and causing a large correction.
market outlook
Recently, the market transaction atmosphere has improved, and soda ash stocks have fluctuated within a narrow range. As the market starts to increase, the industry's supply has remained high. Coupled with the impact of imported soda ash on the Chinese market, downstream companies are mainly waiting and watching, and the soda ash market is playing a game between supply and demand.
