[Soda ash]5.8 Soda ash Daily Review: Soda ash market stability enterprises have strong support for orders in hand

Analysis of soda ash market

Today, China's soda ash market continues to maintain stability, and the market price has not changed. As of now, the price of light soda ash in Central China is 2,000 - 2,200 yuan/ton, and the price of heavy soda ash is 2,150 - 2,250 yuan/ton; the price of light soda ash in East China is 2,150 - 2,250 yuan/ton, and the price of heavy soda ash is 2,200 - 2,300 yuan/ton; Recently, due to the reduction of equipment production by some companies, the overall market starts have dropped slightly. At present, soda ash companies still mainly deliver orders on hand, and the market production and sales are basically balanced; downstream companies have certain reserves of raw materials, and their purchasing attitude is still cautious. The market has a strong wait-and-see attitude. The soda ash market will continue to operate steadily in the short term.

Futures dynamics

According to Boduo data, the opening price of SA2409, the main contract for soda ash, on May 8, was 2215 yuan/ton, and finally closed at 2187 yuan/ton, an increase of-2.97% within the day. The intraday high was 2236 yuan/ton, the lowest was 2172 yuan/ton, with a total position of 794282 lots, a month-on-month period of-1788 lots.

Today, soda ash futures prices have dropped significantly with the market environment, and intraday rumors of supply-side disturbances have fluctuated significantly. However, the spot market price is relatively stable. Although it suppresses the upside of futures prices to a certain extent, it also supports the bottom of prices. The current supply reduction and demand growth expectations faced by the main contract have not yet been falsified. However, with the growth of downstream raw material inventories and resistance to high-priced raw materials, it is difficult for the market to form further positive feedback in the short term, and the market may turn high in the short term. Shock and wait for new drivers.

market outlook

The installation starts of some enterprises in the northwest region have gradually increased, and the number of enterprises in South China, Central China and Northwest China has reduced, and the overall market starts have shown a downward trend. Companies can still order orders in the short term, which has strong support for soda plant inventories, and the transaction atmosphere is relatively good. Some prices can be negotiated. The mainstream price of soda ash is basically stable, and the market price of soda ash may continue to operate firmly in the short term.