Group 1 - The domestic soda ash market is experiencing weak fluctuations, with prices for light soda ash in North China ranging from 1270 to 1350 CNY/ton and heavy soda ash prices between 1280 to 1390 CNY/ton [2] - The overall operating rate in the industry remains high despite some companies having maintenance plans, while downstream demand is weak, leading to low purchasing willingness [2][6] - The market trading atmosphere is subdued, with new orders being generally average and mainly consisting of low-priced urgent small orders [2] Group 2 - As of June 23, the light soda ash price index is 1222.86, down 11.43 from the previous working day, a decrease of 0.93%, while the heavy soda ash price index is 1267.14, down 4.29, a decrease of 0.34% [3] - The main futures contract for soda ash opened at 1170 CNY/ton and closed at 1173 CNY/ton, with an intraday decline of 0.34% and total positions increasing by 16,673 contracts [5] - The current market sentiment is significantly suppressed by the fundamentals, with high operating rates and ongoing inventory accumulation highlighting supply-demand contradictions [5][6] Group 3 - The domestic soda ash market is characterized by an imbalance between supply and demand, driven by the release of new capacity and weak downstream demand, leading to historically high inventory levels [6] - Prices are expected to continue facing downward pressure due to high supply and lack of positive demand factors, with future attention needed on maintenance dynamics and changes in downstream demand [6]
6.23纯碱日评：供需失衡 纯碱弱势震荡
Sou Hu Cai Jing·2025-06-24 03:00