[Soda ash]7.30 Soda ash Daily Review: Soda ash market trend is weak and stable

Analysis of soda ash market

Today, the market prices of some domestic soda ash have temporarily stabilized. As of now, the price of light soda ash in Southwest China is between 2,000 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,250 yuan/ton; the price of light soda ash in South China is between 2,050 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,250 yuan/ton; there has been no equipment maintenance recently, the overall operating load remains high, and the inventory shows a slight upward trend; At present, some manufacturers have not yet issued the new unit price, and the signing situation is average; downstream companies purchase more on demand, and the demand performance is weak, and the soda ash market remains weak and stable.

Futures dynamics

According to Boduo data, the opening price of SA2409, the main contract for soda ash, on July 30, was 1775 yuan/ton, and finally closed at 1740 yuan/ton, an increase of-3.01% within the day. The intraday high was 1779 yuan/ton, the lowest was 1738 yuan/ton, with a total position of 777513 lots, a month-on-month period of-31850 lots.

Today, soda ash futures prices continue to be weak and downward. On the one hand, due to the impact of the overall market environment, important meetings have been supported and the market has been emotionally killed. On the other hand, soda ash itself remains weak, and downstream photovoltaic production lines have recently accelerated cold repair. Signs, negative feedback on demand for soda ash may continue to intensify. In the short term, soda ash itself lacks a new driving market or still operates around the logic of excess and weakness.

market outlook

There are still maintenance plans in the future, and there are disturbances in supply-side devices; as the profits of downstream companies continue to compress, their willingness to purchase soda ash has decreased, and demand has continued to weaken; in the short term, the soda ash market will continue to operate in a weak manner.