Newsletter summary

The soda ash market has performed strongly in recent days.LulusarcadeSpot prices generally rose. The failure of A-alkali equipment in Inner Mongolia affects the output.LulusarcadeAs the summer overhaul is approaching, the sentiment of bulls is running high. However, the transaction on the demand side is weak, and the enterprises in the lower reaches of raw material inventory are cautious in replenishing the stock. Pre-holiday market expectations are strong, but we need to guard against the risk of capital sentiment cooling.

Text of news flash

[the spot price of soda ash in the market has risen, and the spot price of soda ash in many places has risen in different ranges] the recent performance of soda ash in the market has been strong, with only one day showing a negative line in seven consecutive trading days. The reason is mainly due to the strong performance of the soda spot market, spot prices have risen to varying degrees everywhere, and traders are highly motivated to ship goods. Recently, the equipment failure of A-alkali in Inner Mongolia has led to a significant decline in daily production. With the approach of the summer maintenance season, the sentiment of bulls is high, the spot price is strong, and the capital game is intensified, which jointly promote the high-level operation of soda ash. However, it should be noted that the current demand side is mainly small order transactions, and the downstream enterprises with low raw material inventory are also dominated by rigid demand replenishment, with the upward price, the downstream wait-and-see mood is gradually strong. Overall, spot market prices have risen slightly, and the market continues to trade around the theme of maintenance in advance, paying attention to the maintenance plan of the alkali plant in May. It is expected that the soda ash market will be strong before the festival, but the performance on the demand side is lacklustre, so we need to guard against the possible impact of cooling capital sentiment on the market.