[Soda ash]8.23 Soda ash Daily Review: Soda ash market prices are temporarily stable

Analysis of soda ash market

Today, the price of soda ash in China has temporarily stabilized. As of now, the price of light soda ash in Central China is between 1,550 - 1,850 yuan/ton, and the price of heavy soda ash is between 1,750 - 1,950 yuan/ton; the price of light soda ash in Northwest China is between 1,300 - 1,450 yuan/ton, and the price of heavy soda ash is between 1,300 - 1,500 yuan/ton;The soda ash market has been fully started, and the company has installed productionbasicstable; Downstream demand is still performing poorly, and the market has not yet received positive stimulus; the soda ash market as a whole remains weak, and some transaction prices are negotiated individually.

Futures dynamics

According to Boduo data, the opening price of SA2501, the main contract for soda ash, on August 23, was 1558 yuan/ton, and finally closed at 1546 yuan/ton, an increase of-3.68% within the day. The highest intraday session was 1575 yuan/ton, the lowest was 1537 yuan/ton, with a total position of 973620 lots, a month-on-month-on-month-on-month.

Today, soda ash futures prices continued to decline sharply, and intraday trends mostly fluctuated with the overall sector. After the policy news that drove market sentiment to rebound in the early stage comes into effect, the market needs to wait and observe the actual improvement. Before that, the logic of commodity demand peaking and falling back still suppresses the market. There has been no significant change in the fundamental weakness of soda ash itself. In the future, we need to observe the situation of downstream replenishment at the end of the month and whether the market can see a new driver of a macro atmosphere warming.

market outlook

Subsequent soda plant units will be started and stopped, but the overall supply will decrease; downstream demand is mainly purchased at low prices, and there is a strong resistance to high prices. Some companies may be willing to replenish goods at the end of the month, but the soda ash market is expected to continue in the short term. Weak operation.