[Soda ash] Daily Review of Soda ash on October 25
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October 25, 2023, 6:19 PM Analysis of soda ash market
Today, China's soda ash market continues to decline. As of now, the price of light soda ash in Northwest China is between 2,050 - 2,200 yuan/ton, and the price of heavy soda ash is between 2,100 - 2,300 yuan/ton; the price of light soda ash in Northeast China is between 2,600 - 2,800 yuan/ton, and the price of heavy soda ash is between 2,700 - 2,900 yuan/ton; the soda ash market maintains a downward trend, and new orders shipments of companies are weak; Procurement in the downstream market is not active, and market participants are mostly bearish on the future outlook, and soda ash prices are discussed individually.
Futures dynamics
According to Boduo data, the opening price of SA2401, the main contract for soda ash, on October 25, was 1692 yuan/ton, and finally closed at 1692 yuan/ton, holding 948390 positions.
market outlook
The price of soda ash in the market has continued to decline, and the current price has declined simultaneously in the near future. At present, the market supply remains stable and the market supply and demand are unbalanced. The soda ash market will continue to operate weakly in the short term.
