On January 29th, China's soda ash enterprises recorded a shipment volume of 760,100 tons this week, a decrease of 7.94% compared to the previous week. The overall shipment rate for soda ash was 97.06%. PriceSeek analyzed soda ash with a bullish-bearish score of 1, reasoning: The article indicates a 7.94% week-on-week decline in soda ash shipments, suggesting a tightening supply that could drive up spot prices. The high shipment rate of 97.06% reflects robust demand and effective inventory digestion. Combined with the latest data on the main soda ash futures contract (e.g., 2609), the closing price rose to 1,281 yuan per ton, an increase of 15.00, and open interest increased by 8,241 lots, indicating strengthened market bullish sentiment. The news of reduced supply may further support the upward movement of futures prices, thus the rating is moderately bullish.
Comments
0