SunSirs: Strong Bearish Attitude Towards the Future Market of Soda Ash
May 12 2023 09:43:26Latest price of soda ash (heavy soda ash) (5-10): 2841.67 yuan/ton, bearish in the future
Analysis point: On May 10th, the price fell by 2.29% compared to the previous trading day. According to the Commodity Analysis System of Business Society, the overall price of domestic soda ash is weak. The construction of the soda ash plant is at a high level, and the market supply is relatively sufficient. The overall trading atmosphere is generally average, and downstream soda ash is still mainly purchased according to demand, with a strong wait-and-see sentiment. In the upstream and downstream supply and demand game, market participants have a strong bearish attitude towards the future market.
Future Market Forecast: Overall, it is expected that the price of soda ash will continue to be weak in the later stage, depending on downstream market demand.
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- 2024-01-04 SunSirs : Morning Reminder for Domestic Soda Ash Market
- 2023-09-04 SunSirs: The Supply of Soda Ash Was Tight, and Prices Widely Increased at the End of the Month
- 2023-07-20 SunSirs: SunSirs: In the First Half of 2023, the Overall Market for Soda Ash Was High at the Beginning and Then Walking Low, Showing a ‘Parabolic’ Pattern-II
- 2023-07-20 SunSirs: In the First Half of 2023, the Overall Market for Soda Ash Was High at the Beginning and Then Walking Low, Showing a ‘Parabolic’ Pattern-I
- 2023-05-04 SunSirs: Downstream Demand Was Still Weak, and the Price of Soda Ash May Still Be Weak in the Later Stage
