Analysis of soda ash market
Today, China's soda ash market is stable and moving slightly. As of now, the price of light soda ash in South China is 2,200 - 2,250 yuan/ton, and the price of heavy soda ash is 2,300 - 2,400 yuan/ton; the price of light soda ash in East China is 2,050 - 2,250 yuan/ton, and the price of heavy soda ash is 2,200 - 2,300 yuan/ton; the soda market is relatively well started, and the production of enterprises 'equipment is stable; Demand in the downstream market is still average, and the market has not yet been positive to stimulate improvement. Enterprises continue to need procurement. The soda ash market is operating steadily, and some transaction prices are negotiated on a single basis.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on May 14, was 2215 yuan/ton, and finally closed at 2131 yuan/ton, an increase of-2.52% within the day. The intraday high was 2216 yuan/ton, the lowest was 2125 yuan/ton, with a total position of 745874 lots, a month-on-month-on-month-on-year-on-year-on-year.
Today's soda futures prices fell sharply, more due to the withdrawal of funds in the overall commodity market environment. Spot market prices are relatively stable, with slight reductions in some regions. 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, the market has formed a phased negative feedback situation. In the short term, the lack of soda ash further drives the market or chooses to wait and see, and short-term capital behavior may intensify intraday fluctuations.
market outlook
The start-up of the soda ash market fluctuated slightly. The equipment start-up load of individual enterprises increased, the operating rate of the soda ash market was high, and some enterprises that planned to save and reduce production postponed until the end of the month. The downstream market demand has temporarily stabilized, the demand for light soda is acceptable, and the demand for heavy soda is average. Market procurement remains cautious. Mood, the soda ash market is expected to operate in a volatile manner in the short term.
