Analysis of soda ash market
Today, China's soda ash market is temporarily operating steadily. As of now, the price of light soda ash in the northwest region is between 1,900 - 2,000 yuan/ton, and the price of heavy soda ash is between 1,900 - 2,000 yuan/ton; the price of light soda ash in the southwest region is between 2,100 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,400 yuan/ton; the recent shortage of supply and reduction has continued, downstream demand has remained stable and the main demand has been demand, and some transaction prices have been negotiated individually.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on May 16, was 2131 yuan/ton, and finally closed at 2160 yuan/ton, an intraday increase of +1.89%. The intraday high was 2169 yuan/ton, the lowest was 21101 yuan/ton, with a total position of 736967 lots, a month-on-month period of 3852 lots.
Today, soda ash futures prices are generally strong. Recently, the soda ash market lacks its own drive, and its intraday trend is influenced by macro news and mainly fluctuates with overall related commodities. At present, the expected logic of contradictory supply and demand in the tradable soda market and negative feedback from the tradable phased spot market may continue to operate in a volatile manner in the short term, waiting for new drivers.
market outlook
The start of the soda ash market has dropped slightly, and some maintenance plans have been extended to the end of the month. The downstream market demand has been temporarily stable, the demand for light soda is acceptable, and the demand for heavy soda is average. Market procurement remains cautious, and the soda ash market is expected to operate in a volatile manner in the short term.
