Core Viewpoint - The domestic soda ash market is currently experiencing a stable yet fluctuating trend, with prices remaining steady across various regions, but overall market sentiment is low due to weak demand from downstream enterprises [2]. Price Analysis - As of October 22, the mainstream prices for light soda ash in North China are between 1170-1270 CNY/ton, while heavy soda ash prices are between 1180-1320 CNY/ton. In South China, light soda ash prices range from 1320-1430 CNY/ton, and heavy soda ash prices are between 1300-1390 CNY/ton [2]. - The light soda ash price index on October 22 is 1162.86, a decrease of 1.43 from the previous working day, reflecting a -0.12% change. The heavy soda ash price index remains stable at 1210 [3]. Market Dynamics - The main contract for soda ash (SA2601) opened at 1211 CNY/ton and closed at 1223 CNY/ton on October 22, showing a daily increase of 1.33%. The highest price during the day was 1230 CNY/ton, while the lowest was 1205 CNY/ton, with total open interest at 1,390,463 contracts, a decrease of 924 contracts [5]. - The slight rebound in soda ash futures prices is primarily driven by a strong rebound in oil prices, which has improved overall sentiment in the chemical sector. However, the soda ash market lacks substantial driving factors and is expected to follow market fluctuations [5]. Future Outlook - The soda ash market is still in an adjustment phase, with supply-demand conflicts not effectively alleviated. In the absence of substantial positive support, the market is likely to maintain a stable yet fluctuating pattern, with limited price movement expected. Close attention should be paid to changes in downstream purchasing rhythms and the impact of policy factors on market sentiment [6].

Core Viewpoint - The domestic soda ash market is experiencing a downward trend in prices, with both light and heavy soda ash showing significant declines compared to previous periods [1] Price Trends - As of September 3, the average ex-factory price of light soda ash in China is 1,223 yuan/ton, reflecting a 5.1% decrease month-on-month and a 25.1% decrease year-on-year [1] - The average terminal price of heavy soda ash is 1,308 yuan/ton, showing a 3.5% decrease month-on-month and a 24.2% decrease year-on-year [1] Industry Operations - The summer maintenance of soda ash production facilities has largely concluded, leading to a gradual increase in industry operating rates [1] - Despite the increase in operating rates, many manufacturers are currently operating at a loss due to the weak market prices [1] Market Sentiment - The futures market is experiencing weak fluctuations, with a prevailing cautious sentiment among market participants [1] - The short-term outlook for the domestic soda ash spot market remains under pressure [1]

Core Viewpoint - The domestic soda ash market continues to show weakness, with prices under pressure and a lack of significant demand growth [2][6]. Price Analysis - As of August 11, the price range for light soda ash in North China is 1220-1320 CNY/ton, while heavy soda ash is priced at 1270-1370 CNY/ton [2]. - The light soda ash price index is reported at 1230, down 17.14 from the previous working day, a decrease of 1.37%, while the heavy soda ash price index remains stable at 1277.14 [3]. Market Dynamics - The overall operation of soda ash facilities is stable, maintaining high supply levels, but new order signing is slow, leading to a lackluster market atmosphere [2]. - Downstream purchasing remains focused on essential replenishment, with no significant increase in overall demand, resulting in a cautious market sentiment [2]. Futures Market - On August 11, the main soda ash futures contract SA2601 opened at 1326 CNY/ton and closed at 1345 CNY/ton, with an intraday increase of 0.67% [5]. - The futures market is experiencing slight upward fluctuations, driven by rising coal prices and improved trading sentiment in the chemical sector, although the fundamental industry conditions have not shown substantial improvement [5]. Future Outlook - The supply of soda ash is expected to remain high due to the resumption of maintenance operations, while downstream demand is weak, leading to insufficient market drivers [6]. - The soda ash market is anticipated to consolidate within a narrow range in the short term, with close attention needed on future facility dynamics and changes in downstream purchasing patterns [6].

| 规格 | 市场 | 8月4日 | 8月5日 | 日 涨跌 | | --- | --- | --- | --- | --- | | 轻质纯碱 | 华北市场 | 1270-1320 | 1270-1320 | 0/0 | | | 华东市场 | 1220-1510 | 1200-1510 | -20/0 | | | 华中市场 | 1210-1360 | 1190-1360 | -20/0 | | | 西北市场 | 1120-1200 | -1060-1200 | -60/0 | | | 西南市场 | 1270-1310 | 1270-1310 | 0/0 | | | 华南市场 | 1390-1470 | 1390-1470 | 0/0 | | | 东北市场 | 1350-1410 | 1350-1410 | 0/0 | | 重质纯碱 | 华北市场 | 1270-1370 | 1270-1370 | 0/0 | | | 华东市场 | 1310-1370 | 1310-1370 | 0/0 | | | 华中市场 | 1320-1370 | 1320-1370 | 0/0 | | | 西北市场 | 1120-1190 ...