Analysis of soda ash market
Today, the domestic soda ash market is operating weakly and steadily. As of now, the price of light soda ash in North China is between 1,900 - 2,000 yuan/ton, and the price of heavy soda ash is between 2,100 - 2,150 yuan/ton; the price of light soda ash in East China is between 1,750 - 2,000 yuan/ton, and the price of heavy soda ash is between 1,900 - 2,100 yuan/ton; Recently, the operation of soda plants has mainly fluctuated slightly, and supply has remained relatively high; downstream procurement is cautious, mainly based on a small amount of demand; The receipt of new orders by soda ash companies is poor, the transaction of new orders in the market is under pressure, and the soda ash market remains weak.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on August 5, was 1806 yuan/ton, and finally closed at 1790 yuan/ton, an increase of 1.19% within the day. The highest intraday session was 1823 yuan/ton, the lowest was 1762 yuan/ton, with a total position of 648810 lots, a month-on-month period of-35079 lots.
Today, soda ash futures prices fluctuated within a narrow range with fluctuations in the market environment. At present, the fundamentals of soda ash have not improved significantly, and the market lacks actual driving forces. However, in view of the subsequent expectation of month-on-month repair in the peak season based on the weak reality of continued trading, there are temporarily signs of stopping decline and stabilizing, and the current situation is at the time of the main force. When the warehouse is changed to the month, the soda ash supply side has a certain maintenance plan in August. It may be difficult to see the phenomenon of continuing to increase positions in the short term. The market may temporarily maintain a volatile pattern and wait for the peak season repair problem to be realized.
market outlook
There are still maintenance plans in the future, and disturbances on supply side equipment still exist; downstream delivery performance is poor, and there is no obvious support on the demand side; market sentiment is weak, and it is expected that the soda ash market will operate weakly and steadily in the short term, with narrow adjustments dominated.
