May 31 soda daily review
113,470 
May 31, 2023, 5:53 PM Analysis of soda ash market
Today, the price of soda ash in China is mixed. As of now, the price of light soda ash in Southwest China is between 2,000 - 2,100 yuan/ton, and the price of heavy soda ash is between 2,000 - 2,300 yuan/ton; the price of light soda ash in South China is between 2,050 - 2,150 yuan/ton, and the price of heavy soda ash is between 2,100 - 2,200 yuan/ton; Recently, the soda ash market has been boosted by the prices of enterprises in some regions, and new orders in the market have increased, resulting in some manufacturers controlling orders not to quote for the time being; At present, the soda ash market has started at a high level, but the market is still in a volatile operation, and downstream companies are more cautious in purchasing.
Futures dynamics
According to Boduo data, the opening price of SA2309, the main contract for soda ash, on May 31, was 1595 yuan/ton, and finally closed at 1617 yuan/ton, holding 1135793 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.
