Analysis of soda ash market
Today, prices in some areas of China's soda ash market have increased. As of now, the price of light soda ash in Central China is 2,050 - 2,200 yuan/ton, and the price of heavy soda ash is 2,200 - 2,300 yuan/ton; the price of light soda ash in East China is 2,150 - 2,400 yuan/ton, and the price of heavy soda ash is 2,250 - 2,400 yuan/ton; Today, Shandong Haihua's new line began to stop for maintenance, but other maintenance companies have not yet recovered, and the start of the soda ash market has dropped slightly; Market shipments are good, with high soda prices rising in some regions, but downstream companies are not willing to accept them. Shipments of low-cost sources are better, and market companies are mainly waiting and seeing.
Futures dynamics
According to Boduo data, the opening price of SA2409, the main contract for soda ash, on May 21, was 2366 yuan/ton, and finally closed at 2363 yuan/ton, an intraday increase of +0.90%. The intraday high was 2396 yuan/ton, the lowest was 2314 yuan/ton, with a total position of 782309 lots, a month-on-month period of-22211 lots.
Today, soda ash futures prices surged high and fell mainly, and they left the market during the day due to the market environment. The shrinking supply of soda ash and the growth of demand are existing facts. The expectation of a phased imbalance in the supply and demand relationship cannot yet be falsified, and the overall situation can still be viewed strongly. However, the current market price is basically fully trading on the existing bullish factors. It can be observed in the future whether market feedback can support prices to further open up upward space. In the short term, the market may remain high and volatile waiting for the contradiction between supply and demand to break out.
market outlook
Some soda ash companies have been overhauled, supply expectations have been reduced, market transactions have improved, orders on hand by companies have increased, and inventories have continued to decline. The soda ash market is expected to remain strong in the short term.
