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Analysis of soda ash market
Today, China's soda ash market continues to maintain stability. As of now, the price of light soda ash in Northeast China is 2,250 - 2,450 yuan/ton, and the price of heavy soda ash is 2,300 - 2,500 yuan/ton; the price of light soda ash in Southwest China is 2,200 - 2,300 yuan/ton, and the price of heavy soda ash is 2,300 - 2,400 yuan/ton; The start-up of soda ash enterprises continues to remain stable, and the market supply is still relatively sufficient. Companies are ordering orders and mainly delivering more early orders. Recently, soda ash prices have not changed much, and company quotations have remained firm; downstream market demand remains in demand, and soda ash market remains high. Run at a high level.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on May 29, was 2366 yuan/ton, and finally closed at 2433 yuan/ton, an intraday increase of +1.25%. The intraday high was 2434 yuan/ton, the lowest was 2331 yuan/ton, with a total position of 781715 lots, a month-on-month period of-13276 lots.
Today, soda ash futures prices have bottomed out and rebounded, and have been repeatedly affected by linked commodities and funds. In the short term, the upward drive of soda ash prices has slowed down, the existing maintenance plans on the supply side have been basically implemented, and soda ash losses may recover next month. However, the actual losses in the subsequent maintenance season cannot be determined, and demand growth expectations still exist. Short-term soda ash prices may temporarily fluctuate, and there is no reason to reverse the medium-term trend. However, we need to be wary of a large pullback of soda ash after the macro sentiment weakens, resulting in a large outflow of midstream stocks. impact the market.
market outlook
Some soda ash enterprises still maintain maintenance dynamics, and the overall market start-up has not changed much; downstream demand has basically remained stable. Coupled with the market demand for storage and replenishment at the end of the month, the shipment of low-cost soda ash is relatively good. In the short term, the soda ash market is operating well, and the market price is expected to fluctuate upwards.
