Analysis of soda ash market
Today, the low prices of light soda in some regions of the country have rebounded. As of now, the price of light soda ash in East China is between 1,950 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,250 yuan/ton; the price of light soda ash in North China is between 1,950 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,250 yuan/ton; with the resumption of production in early maintenance enterprises, the supply of soda ash will increase slightly; This week, low-priced orders in the market have increased. Today, low-priced soda ash in East China has been slightly increased by 50 yuan/ton. However, the downstream is still highly resistant to high prices, and it still focuses on replenishing stocks at low prices and appropriate amounts. The overall demand performance is average, and the overall market remains weak and stable. Operation.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on July 4, was 2217 yuan/ton, and finally closed at 2202 yuan/ton, an increase of 0.46% within the day. The intraday high was 2233 yuan/ton, the lowest was 2184 yuan/ton, with a total position of 774191 lots, a month-on-month +7334 lots.
Today, soda ash futures prices were high and fluctuated within a narrow range. Due to the new maintenance plan in July and the recent recurrence of supply disturbances in large factories, market worries have once again simmered. In the short term, it is necessary to continue to observe how the supply disturbance problem evolves and its impact on the purchasing mentality of the middle and lower reaches. In addition, there are still certain expectations for policy expectations before the important meeting in July. There may still be some support for soda ash prices before the above uncertain events cannot be falsified. However, due to fundamental pressure, price elasticity is relatively limited in the early stage, and whether we can continue to open up upward space still needs to observe the direction of the actual supply and demand relationship.
market outlook
Follow-up maintenance plans still exist, and supply disturbances have affected market mentality; soda ash prices are low, and downstream companies may increase their stock readiness. In the short term, soda ash prices in some regions may adjust slightly, and mainstream prices will temporarily stabilize.
