May 16 soda daily review
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May 16, 2023, 5:08 PM Analysis of soda ash market
Today, the price of soda ash in China continues to be weak, and the prices of light and heavy soda are gradually shrinking. As of now, the price of light soda ash in East China is 2,100 - 2,450 yuan/ton, and the price of heavy soda ash is 2,300 - 2,500 yuan/ton; the price of light soda ash in North China is 2,300 - 2,550 yuan/ton, and the price of heavy soda ash is 2,250 - 2,550 yuan/ton; The market price of soda ash continues to fall. Recently, some companies have installed equipment maintenance and the industry has started to decline, and the overall situation remains high. The market is affected by buying increases and not buying decreases. The market transaction atmosphere is light, companies have great pressure to ship new orders, and the market is pessimistic. We need to purchase, and the transaction price is more than a single discussion.
Futures dynamics
According to Boduo data, the opening price of SA2309, the main contract for soda ash, on May 16, was 1860 yuan/ton, and finally closed at 1850 yuan/ton, holding 1071027 positions.
market outlook
The soda ash market is running steadily and weakening, and some manufacturers have been undergoing maintenance. However, the soda ash market supply is still sufficient. The demand from downstream companies is average, and procurement is not active. Soda ash companies are under great pressure to ship. Some companies have reduced prices and increased their shipment efforts. It is expected that soda ash prices will continue. The main trend is downward.
