May 18 Daily Review of Soda Ash

Analysis of soda ash market

Today, the decline in China's soda ash market has slowed down. As of now, the price of light soda ash in North China is 2,200 - 2,400 yuan/ton, and the price of heavy soda ash is 2,100 - 2,450 yuan/ton; the price of light soda ash in South China is 2,250 - 2,400 yuan/ton, and the price of heavy soda ash is 2,400 - 2,550 yuan/ton; Demand in the downstream market continues to be weak, the transaction atmosphere of companies is light, and the pressure on manufacturers 'inventory has increased. Some manufacturers have taken measures to reduce production and stop production, and the soda ash market has started to decline. The pressure on signing new orders in the market is high, and the sentiment of price reduction in the downstream market is strong. Supply and demand in the soda ash market is game.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on May 18, was 1825 yuan/ton, and finally closed at 1815 yuan/ton, holding 1157457 positions.

market outlook

The soda ash market is running steadily and weakening. Some manufacturers have been repaired one after another. However, the soda ash market supply is still sufficient. Some manufacturers have high inventory pressure. The demand of downstream companies is average. Procurement is not active. The market game sentiment is strong, and the soda ash market is running weakly and stably.