Analysis of soda ash market
Today, China's soda ash market is generally stable. As of now, the price of light soda ash in South China is another 2,200 - 2,250 yuan/ton, and the price of heavy soda ash is another 2,300 - 2,400 yuan/ton; the price of light soda ash in Northeast China is another 2,100 - 2,200 yuan/ton, and the price of heavy soda ash is another 2,200 - 2,300 yuan/ton; Recently, the soda ash market has been operating relatively stable, with companies starting at a high level, and the market supply has remained sufficient. However, as some companies plan to maintain maintenance, the market reserves are expected to decrease. Most downstream companies still maintain just need to purchase, and there is a slight pressure to sign new orders in the market, and the transaction atmosphere is light, and the transaction price is negotiated on a single basis.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on April 2, was 1788 yuan/ton, and finally closed at 1803 yuan/ton, an increase of 1.63% within the day. The intraday high was 1803 yuan/ton, the lowest was 1770 yuan/ton, with a total position of 650401 lots, a month-on-month +4553 lots.
Today, the main contract for soda ash is strong and mainly volatile. The fundamentals of soda ash have not changed much. Today, another incident of supply disturbances from large factories was reported in intraday trading, affecting market sentiment. In the short term, the upper space is suppressed by spot prices, while the lower cost support is still strong. Speculative funds backed by costs still exist. In the short term, the market volatility space continues to compress and is temporarily dominated by shocks. However, it should be noted that there have been many new ignitions in photovoltaic glass recently, and the demand for high-quality soda ash may increase again. It is necessary to pay attention to whether the subsequent supply of high-quality raw materials will affect the overall market fluctuations.
market outlook
In the short term, some soda ash manufacturers will maintain reduced production, and early maintenance companies will resume production, and market starts are expected to increase slightly. However, due to the impact of downstream market demand, new soda ash orders will be under pressure, and the market has no favorable conditions to support the upward price. In the short term, soda ash prices will be adjusted mainly in a narrow range.
