May 15 soda daily review

The collective downward trend in soda ash market prices is under great pressure on enterprises

Analysis of soda ash market

Today, the market price of soda ash in China continues to decrease within a narrow range. As of now, the price of light soda ash in Northeast China is between 2,400 - 2,600 yuan/ton, and the price of heavy soda ash is between 2,600 - 2,750 yuan/ton; the price of light soda ash in Central China is between 2,050 - 2,250 yuan/ton, and the price of heavy soda ash is between 2,400 - 2,450 yuan/ton; Last week, the maintenance companies have not recovered. This week, the market may have another decline in the load of manufacturers 'equipment. Other equipment is relatively stable, and the start of soda ash is still at a high level. Downstream demand does not fluctuate much, and a small amount of replenishment is maintained, making purchasing caution difficult to change. The spot price of soda ash has loosened, prices in many regions have been lowered, and futures prices have declined. Shipping pressure in the soda ash market is still high, and the market will operate in a weak position in the short term.

 

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on May 15, was 1880 yuan/ton, and finally closed at 1872 yuan/ton, holding 1060265 positions.

 

market outlook

The recent trend of the soda ash market has remained weak. Although some manufacturers have recently repaired equipment, the supply of soda ash in the market is stable, the demand of downstream companies is average, and procurement is not active. Soda ash ash companies are under great pressure to ship. Some companies have reduced prices and increased their shipment efforts. It is expected that soda ash prices will continue to continue. The downward trend is dominated.