Core Viewpoint - The main focus is on the recent decline in soda ash futures prices, indicating a persistent oversupply in the market and pressure on prices [1][2]. Group 1: Market Performance - Soda ash futures experienced a sharp decline, with the main contract dropping to a low of 1289.00 yuan and closing at 1309.00 yuan, reflecting a decrease of 5.01% [1]. - The market is characterized by a long-term oversupply, leading to sustained pressure on prices [2][5]. Group 2: Supply and Demand Dynamics - Institutions highlight that the supply of soda ash is expected to increase due to the resumption of previously offline production facilities, while downstream demand remains weak [3][4]. - The overall inventory levels across the industry chain are high, contributing to the bearish sentiment in the market [2][3]. Group 3: Future Outlook - National Investment Trust expects the soda ash market to remain under pressure due to the ongoing oversupply situation [2]. - Ningzheng Futures predicts short-term fluctuations for the soda ash January contract, with resistance around 1345 yuan [3]. - Southwest Futures advises caution in trading positions due to increased price volatility driven by market speculation [4].
长期供需过剩格局不变 纯碱期价高位承压运行为主
Jin Tou Wang·2025-08-20 06:10