1.3 Daily Review of Soda Ash: Soda Ash Market Remains Stable

Analysis of Soda Ash Market
Today, the domestic soda ash market is stable. As of now, the mainstream price of light soda ash in the northwest region is 1050-1150 yuan/ton, and the price of heavy soda ash is 1050-1150 yuan/ton; the price of light soda ash in the southwest region is 1450-1550 yuan/ton, and the price of heavy soda ash is 1450-1600 yuan/ton. Some enterprises have reduced their load and the overall supply has been reduced slightly; the downstream market demand is basically stable, and the market is in a wait-and-see mood. In the short term, the soda ash market is stable.

Futures Dynamics
According to Boduoduo data: On January 3, the opening price of the main soda ash contract SA2505 was 1442 yuan/ton, and it finally closed at 1416 yuan/ton, with a daily increase of -2.07%. The intraday high was 1445 yuan/ton, the low was 1407 yuan/ton, and the total position was 1078910 lots, up 77178 lots from the previous month.

Today's soda ash futures prices fell significantly, mainly because many photovoltaic glass production lines were shut down recently, and the rigid demand for soda ash further decreased, while the supply side maintained a recovery trend. The overall supply-demand gap continued to expand and continued to suppress the soda ash price. In the short term, it is difficult to see actual improvement in soda ash itself, and it will mainly maintain weak fluctuations.

Market forecast
There are still maintenance plans in the subsequent soda ash market, and the supply-side disturbance is more obvious; but downstream consumption expectations are weak, and it is expected that the price fluctuation space of soda ash in the short term may be limited under the double reduction of supply and demand; the future market trend needs to pay close attention to the downstream procurement dynamics and changes in the operation of enterprise equipment.

Data source: Boduoduo Data Group