May 30 soda ash daily review
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May 30, 2023, 5:05 PM Analysis of soda ash market
Today, China's soda ash market is consolidating. As of now, the price of light soda ash in Northeast China is between 2,100 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,300 yuan/ton; the price of light soda ash in North China is between 2,000 - 2,200 yuan/ton, and the price of heavy soda ash is between 1,950 - 2,300 yuan/ton; Today, the Jiangsu Real Connect installation has restarted, and there has been little change in the start of operations of other companies; Recently, downstream demand for heavy soda has improved, demand for light soda is still sluggish, and soda ash prices have gradually stopped falling and stabilized. However, the market wait-and-see attitude is still strong, companies are more cautious in purchasing, and the soda ash market is operating steadily.
Futures dynamics
According to Boduo data, the opening price of SA2309, the main contract for soda ash, on May 30, was 1682 yuan/ton, and finally closed at 1603 yuan/ton, holding 1163037 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.
