Supply disturbances still exist, soda ash waiting for a rebound short selling opportunity

Golden Ten Futures, June 5th, the recent high price of soda ash futures has fallen rapidly, and market expectations have weakened. Soda ash prices fell, mainly due to the ebb of optimism and the expected short-term increase in supply. Because the summer maintenance has not ended, the disturbance on the supply side of soda ash will continue, and the short-term futures price will still be repeated. However, the downward pressure on the price of soda ash in the medium term is large, so it is not appropriate to be overly optimistic. When the maintenance season ends and soda ash is imported to Hong Kong, the high inventory of soda ash will be reflected in the continuous increase of upstream inventory. The probability of soda ash prices falling in the fourth quarter is relatively large. Comprehensive soda ash supply and demand changes and market games, it is recommended that investors focus on the SA2501 rebound short-selling opportunity, and