[Soda ash] Daily Review of Soda ash on November 1
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November 1, 2023, 5:24 PM Analysis of soda ash market
Today, the production equipment of individual soda ash manufacturers in China has reduced the load. As of now, the price of light soda ash in East China is between 1,950 - 2,400 yuan/ton, and the price of heavy soda ash is between 2,250 - 2,450 yuan/ton; the price of light soda ash in Central China is between 1,850 - 2,000 yuan/ton, and the price of heavy soda ash is between 2,150 - 2,350 yuan/ton; Today, the installation load of Henan Junhua and Anhui Hongsifang soda factories has dropped, and the supply of soda ash in the market has decreased; At present, procurement in the downstream market is still in demand, the market transaction atmosphere is light, and the transaction price of soda ash is more than one negotiation.
Futures dynamics
According to Boduo data, the opening price of SA2401, the main contract for soda ash, on November 1, was 1728 yuan/ton, and finally closed at 1730 yuan/ton, holding 951872 positions.
market outlook
The soda ash market has weakened while stabilizing, the downstream market has a strong wait-and-see attitude, market transactions are scarce, the shipping pressure of soda plants has increased, the price of new orders has been adjusted, and the market continues to maintain a downward trend.
