Core Viewpoint - The soda ash futures market is experiencing a weak and fluctuating trend, with the main contract showing a decline of 1.14% as of the latest report [1] Group 1: Market Analysis - The soda ash futures main contract has dropped over 1%, indicating a continued fluctuation in the market [2] - According to Wenkang Futures, the supply side remains generally stable, with some production facilities resuming operations, but short-term maintenance has led to a slight contraction in industry operating rates [2] - Downstream demand is primarily driven by essential purchases, with some companies increasing their inventory ahead of the holiday, leading to a downward trend in enterprise stock levels [2] Group 2: Price and Demand Outlook - Ningzheng Futures predicts that the soda ash January contract will experience short-term fluctuations, with support around the 1305 level, suggesting a cautious approach or short-term buying on dips [3] - Zhonghui Futures indicates that while there is a slight improvement in demand, the overall long-term outlook remains bearish, with supply expected to remain ample as summer maintenance concludes [4] - The current high inventory levels in the industry limit upward price momentum, despite some manufacturers having filled their orders [2][4]
下游需求不温不火 纯碱期货依旧处于震荡行情中
Jin Tou Wang·2025-09-22 07:32