Analysis of soda ash market
Today, China's soda ash market remains stable. As of now, the price of light soda ash in East China is 2,200 - 2,400 yuan/ton, and the price of heavy soda ash is 2,350 - 2,500 yuan/ton; the price of light soda ash in South China is 2,400 - 2,450 yuan/ton, and the price of heavy soda ash is 2,500 - 2,600 yuan/ton; soda companies still have some orders in hand, and market inventories continue to decline; As procurement has ended one after another, the market transaction atmosphere has slowed down in recent days. Demand has been maintained and the soda ash market has maintained a high level.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on May 30, was 2445 yuan/ton, and finally closed at 2344 yuan/ton, an increase of-1.26% within the day. The intraday high was 2450 yuan/ton, the lowest was 2333 yuan/ton, with a total position of 755973 lots, a month-on-month-
Today, soda ash futures prices opened higher and lower, which was repeatedly caused by more market sentiment driven by policy documents. 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.
