December 30th News — On December 29th, the total inventory of domestic soda ash manufacturers was 1.4066 million tons, a decrease of 31,900 tons compared to the previous Thursday, representing a decline of 2.22%. Among this, light soda ash inventory stood at 732,100 tons, while heavy soda ash inventory was 674,500 tons.
Chempricehub's analysis of soda ash, with a long-short rating of 1, indicates that the domestic soda ash inventory on December 29th was 1.4066 million tons, a reduction of 31,900 tons (a decline of 2.22%) compared to the previous week. Both light and heavy soda ash inventories decreased. This suggests a reduction in supply-side pressure and a tightening of supply and demand in the spot market, which may drive up spot prices.
Combined with futures data, the main soda ash contracts, such as 2609 (closing price of 1,247 yuan/ton, up 3.00) and 2605 (closing price of 1,181 yuan/ton, with high open interest), reflect positive market sentiment. The news of reduced inventory may reinforce the bullish trend in futures, supporting upward price movements. Given that the decline is moderate and not an extreme event, it is rated as a generally positive development.
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