Analysis of soda ash market
Today, the domestic soda ash market price continues to fall. As of now, the price of light soda ash in North China is 2,050 - 2,250 yuan/ton, the price of heavy soda ash is 2,250 - 2,350 yuan/ton, the price of light soda ash in Southwest China is 2,100 - 2,200 yuan/ton, and the price of heavy soda ash is 2,200 - 2,300 yuan/ton; The market continues to be weak, prices are stable and downward, downstream demand is still weak, resistance to high-priced soda ash is strong, supply and demand in the soda ash market is in a game, and the market remains weak.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on June 26, was 2028 yuan/ton, and finally closed at 2069 yuan/ton, an increase of 2.27% within the day. The intraday high was 2071 yuan/ton, the lowest was 2017 yuan/ton, with a total position of 713458 lots, a month-on-month period of-12153 lots.
Today, soda ash futures prices are operating strongly due to the market environment. The fundamental weakness of soda ash itself continues, and market sentiment remains depressed. However, the decline slowed down after the price fell to the flat range. Weak reality still dominates the market. However, the overall market environment has warmed up today, and the macro expectation logic may reappear. In the short term, we can observe whether the persistent problems in this round of market sentiment will lead to the overall stabilization of the spot market.
market outlook
The overall start-up of the soda ash market continues to be high. Due to weak demand, corporate prices have been lowered one after another. In the short term, downstream demand has not yet been driven by strong replenishment. Companies are waiting and seeing, and the soda ash market is expected to fluctuate downward.
