Analysis of soda ash market
Today, the price of soda ash in China is stable. As of now, the price of light soda ash in Northwest China is between 1,900 - 2,000 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,150 yuan/ton; the price of light soda ash in Southwest China is between 2,250 - 2,500 yuan/ton, and the price of heavy soda ash is between 2,400 - 2,550 yuan/ton; Recently, the overall start of the soda ash market has been relatively stable, soda ash prices have been low, the market mentality of replenishing goods at low prices has increased, and the order situation of some companies has improved. However, the mentality of purchasing large quantities is still relatively cautious, and companies have a strong wait-and-see attitude.
Futures dynamics
According to data from Boduo, on January 23, the opening price of SA2405, the main contract for soda ash, was 2100 yuan/ton, and the settlement price was 2111 yuan/ton. The highest price was 2166 yuan/ton and the lowest price was 2053 yuan/ton, with 436256 positions held.
market outlook
As the Spring Festival holiday approaches, market inquiries remain stable, companies 'purchasing mentality may gradually improve, light soda has been removed from the warehouse, and some heavy soda companies are still under high inventory pressure, but overall shipments have improved compared with the previous period, and the soda ash market may maintain stability.
