June 1st soda daily review
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June 1, 2023, 5:07 PM Analysis of soda ash market
Today, China's soda ash market is stable. As of now, the price of light soda ash in North China is between 2,000 - 2,100 yuan/ton, and the price of heavy soda ash is between 1,950 - 2,300 yuan/ton; the price of light soda ash in East China is between 1,800 - 2,100 yuan/ton, and the price of heavy soda ash is between 1,950 - 2,200 yuan/ton; the soda market is currently under construction at a high level, and the market transaction atmosphere is improving; The spot and futures markets have been affected by the pull-up. Some manufacturers have increased new orders, the market has been significantly de-stocked, and the demand for heavy alkali continues to improve. However, 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 June 1, was 1409 yuan/ton, and finally closed at 1448 yuan/ton, holding 988050 lots.
market outlook
Recently, some manufacturers have obviously gone to the warehouse, and the order receiving situation of enterprises has improved. Market companies have a strong mentality of stabilizing prices. Some companies have not offered prices for the time being to control order receiving, but the market is still cautious in wait-and-see attitude. In the short term, the soda ash market will be mainly consolidated in a narrow range.
