May 29 soda daily review

Analysis of soda ash market

Today, China's soda ash market is mixed. As of now, the price of light soda ash in Northeast China is between 2,100 - 2,300 yuan/ton, and the price of heavy soda ash is between 2,200 - 2,400 yuan/ton; the price of light soda ash in Central China is between 1,750 - 1,850 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,100 yuan/ton; recently, there are not many equipment maintenance companies, and the industry has maintained a high level when it starts; Today, soda ash futures pulled higher, driving up spot prices in some soda ash areas, and market receipt has improved. Today, most manufacturers are not offering prices for the time being in order to control the receipt of orders, and the soda ash market is operating well.

Futures dynamics

According to Boduo data, the opening price of SA2309, the main contract for soda ash, on May 29, was 1609 yuan/ton, and finally closed at 1691 yuan/ton, holding 1219253 positions.

market outlook

In the early stage, soda ash prices continued to fall, prices in some areas fell to low levels, and manufacturers 'profits fell seriously. Driven by the soda ash futures market and the strong mentality of some companies in the market to stabilize prices, some companies temporarily did not offer prices. The market was cautious and wait-and-see, and the soda ash market may be running well.