Analysis of soda ash market
Today, China's soda ash market and China's soda ash market are on the sidelines, and prices in some regions are falling. As of now, the price of light soda ash in North China is 1,600 - 1,650 yuan/ton, and the price of heavy soda ash is 1,650 - 1,750 yuan/ton; the price of light soda ash in Southwest China is 1,500 - 1,600 yuan/ton, and the price of heavy soda ash is 1,600 - 1,700 yuan/ton. The overall operation of the soda ash plant is stable, and the operating rate remains slightly fluctuating. Traders 'willingness to receive goods is low, coupled with downstream procurement still based on demand, and the overall market performance is weak.
Futures dynamics
According to Boduo data, the opening price of SA2501, the main contract for soda ash, on November 4, was 1542 yuan/ton, and finally closed at 1525 yuan/ton, an increase of-1.23% within the day. The highest intraday session was 1556 yuan/ton, the lowest was 1481 yuan/ton, with a total position of 1243888 lots, a month-on-month period of-14769 lots.
Today's soda ash futures prices were mainly weak and volatile overall. They rebounded today after falling sharply on Friday night. The fundamental weakness of soda ash itself continues to suppress the space above, but there is periodic macro support and cost support below. The market's concerns about the production reduction of high-cost enterprises and the policy expectation of repairing the profits of the phased industrial chain cannot be falsified, and the two may There is the possibility of cooperation with each other, making the bottom relatively firm at present, but it also lacks upward drive. In the short term, we will focus on how policy expectations evolve. If macro sentiment weakens, market confidence will be frustrated, and the market may be expected to break down.
market outlook
The soda ash plant is operating steadily and with small movements, and the market starts to continue to consolidate at a high level; downstream glass purchases are mainly based on demand, and the hoarding atmosphere is not good; market transactions continue to follow the market, and the soda ash market is expected to operate weakly in the short term.
