Analysis of soda ash market
Today, the domestic soda ash market price has been collectively lowered, ranging from 50 to 150 yuan/ton. As of now, the price of light soda ash in South China is between 1,900 and 1,950 yuan/ton, and the price of heavy soda ash is between 2,000 and 2,100 yuan/ton; the price of light soda ash in Southwest China is between 1,900 and 2,000 yuan/ton, and the price of heavy soda ash is between 2,000 and 2,100 yuan/ton; some soda plants have been repaired, and the supply has been reduced; Affected by the cold repair of some downstream glass production lines, the support for soda ash has weakened, and companies are facing greater shipping pressure; the overall price center of gravity in the soda ash market has shifted downward, and the market is operating in a weak position.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on August 12, was 1711 yuan/ton, and finally closed at 1683 yuan/ton, an increase of-2.72% within the day. The highest intraday session was 1720 yuan/ton, the lowest was 1662 yuan/ton, with a total position of 540439 lots, a month-on-month period of-41011 lots.
Today, soda ash futures prices continued to decline sharply. Although the soda ash supply side has recently increased maintenance plans, the actual loss is still difficult to change the loose relationship between supply and demand, and downstream glass companies continue to lose money, and there are signs of accelerating cold repairs. The current soda ash market still lacks rebound drive and may remain volatile in the short term. Mainly.
market outlook
Maintenance plans are still in place in the future, and output will be slightly reduced; but downstream demand is sluggish and purchasing sentiment is still poor; fundamental pressure on soda ash still exists, and the weak and volatile price pattern will be difficult to change in the short term.
