4.8 Daily Review of Soda Ash: Soda Ash Market Prices Weakly Stable
Soda ash market analysis
Today, the domestic soda ash market price is temporarily stable. As of now, the price of light soda ash in the southwest region is 1350-1450 yuan/ton, and the price of heavy soda ash is 1450-1550 yuan/ton; the price of light soda ash in North China is 1450-1550 yuan/ton, and the price of heavy soda ash is 1500-1650 yuan/ton; the start-up of soda ash enterprises has not changed much, and some enterprises have resumed production, and the market is basically in high operation; due to the continued weakening of the soda ash market, downstream enterprises have purchased in large quantities, but the market transaction sentiment is still not high, enterprises are more cautious, and some market participants have weak sentiment for the future market, and the soda ash market is weak and stable.
Futures dynamics
According to Boduoduo data: On April 8, the opening price of the main soda ash contract SA2505 was 1362 yuan/ton, and finally closed at 1325 yuan/ton, with a daily increase of -2.58%. The intraday high was 1,376 yuan/ton, the low was 1,316 yuan/ton, and the total position was 860,834 lots, down 33,786 lots from the previous month.
Today, the price of soda ash futures rose and fell, mainly due to the panic selling pressure caused by the threat of further tariff increases by the United States against China. In addition, from the fundamental point of view, there is no new disturbance expectation on the supply side of soda ash, and the upstream inventory pressure has increased again. Although the downstream demand scale still has a certain volume and recovery expectations, the actual demand increase before the delivery of the main contract is difficult to form a strong concentrated improvement drive for the short-term market. In the short term, the fundamental weakness of the soda ash market is difficult to change, and it is necessary to guard against the risk of soft pressure before the delivery of the main contract. However, in the short term, attention can be paid to whether there will be seasonal improvement on the demand side.
Market outlook
There are not many companies in the market recently. There are only changes in the start-up of individual companies. The market start-up is running at a high level. The market supply and demand are both weak. Companies are more cautious, the purchasing sentiment is weak, and there is insufficient confidence in the future market. The price of soda ash is expected to continue to weaken in a narrow range.
