[Soda ash]7.11 Soda ash Daily Review: Soda ash market continues to operate slowly and steadily

Analysis of soda ash market

Today, the domestic soda ash market price is stable. As of now, the price of light soda ash in South China is between 2,100 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,250 - 2,350 yuan/ton; the price of light soda ash in Northeast China is between 2,050 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,250 - 2,300 yuan/ton; the output of individual enterprises fluctuates slightly, but the overall market operating rate is still high; Enterprises have successively delivered scheduled orders, and the inventory of some soda plants has decreased but the distribution is relatively concentrated;The procurement demand of some downstream enterprises has slowed down, market sentiment has cooled down, and soda ash market prices have temporarily stabilized.

Futures dynamics

According to Boduo data, the opening price of SA2409, the main contract for soda ash, on July 11, was 1958 yuan/ton, and finally closed at 1952 yuan/ton, an increase of-2.55% within the day. The highest intraday session was 1973 yuan/ton, the lowest was 1926 yuan/ton, with a total position of 789685 lots, a month-on-month period of-3966 lots.
Today, soda ash futures prices mainly fluctuate within a narrow range with the market environment. With the sharp fall in prices, soda ash's own periodic negative factors have basically been traded fully, and its own price has gradually fluctuated with the overall commodity environment. Today, the macro environment has signs of marginal stabilization after being transmitted by the stock market's bullish. Whether there are new disturbances on the soda ash supply side in the short term still needs to be paid attention to, and the recurrence of macro sentiments during the important meeting in July cannot be determined. However, before the above two major problems emerge, the soda ash market may still be dominated by the main logic of excess.

market outlook

The overall operating load of soda ash manufacturers remains high, and the market supply is sufficient; due to the limited number of new orders, the overall market transaction situation is weak, and the downstream wait-and-see attitude is strong; soda ash prices have not changed significantly recently, and prices are expected to continue to operate weakly and steadily in the short term.