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Down 3.89% in the day, soda ash turned empty?

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2024-04-30 16:44:19
Golden Ten Futures on April 30, soda ash fell 3.89% in the day. Zhengxin Futures analysis pointed out that on the fundamentals, there is a piece of news about Yuanxing, and there may be expectations of an increase in production in June. This kind of news cannot be completely regarded as bearish soda ash, because it involves the situation after June. Before the beginning of May to June, and even before the end of June, it is relatively safe. Soda ash is currently in a state of strong resonance in the short and medium term. Under normal circumstances, soda ash rarely falls back directly after a mid-term breakthrough, but will continue to strengthen after experiencing some shocks. The current production increase news is after June, so it should be relatively safe after May Day to June Day. Although there may be some shocks, the possibility of a reversal is small. Overall, the explosive potential of soda ash is still there, but it may not be as exaggerated as last year. On the way up, there may be some adjustments.