The demand for replenishment of warehouses in the middle and lower reaches and the current commercial period is supported, and the trend of soda ash is still strong

Golden Ten Futures, April 26, Everbright Futures said that the price of soda ash futures rose significantly on Thursday. As of the close, the main 09 contract rose by 5.53%, and the night market trend was still strong. The price of soda ash spot manufacturers remained stable, and the price of heavy alkali in Shahe area was 2,000 to 2150 yuan/ton. The recent price increase trend of traders' quotations is obvious. Yesterday, the transaction price of heavy alkali in mainstream areas was around 2200 yuan/ton, and the contract on the disk was basically flat in recent months. From a fundamental perspective, the recent supply-side disturbance has reappeared, and the industry's weekly operating rate is 87.61%, which is relatively low. Enterprise inventory increased slightly by 0.63% compared with Monday, but the current inventory level of most manufacturers is not high, and the inventory is only concentrated in a small number of enterprises. The rigid demand on the demand side continues to increase, and the demand for mid- and downstream and commercial replenishment before the May Day holiday is supported It is necessary to be vigilant against midstream and downstream resistance and import supply shocks after soda ash prices rise. Overall, the trend of soda ash spot prices is still strong, and the futures market is still relatively strong. However, due to the rapid pace of changes in market supply and demand, it is necessary to be highly vigilant against the risk of falling back, the risk of capital flow changes before the holidays, and the disturbance of news.