Soda ash rises from a low level, does the bottom form?

Gold ten futures special Everbright Futures comments: today's futures market bulls were ignited, 67 main contracts were red, and soda ash closed up more than 6%. Let's take a look at the fuse behind it. Today, the central bank announced multiple positive, financial marekt liquidity improved, and investor confidence also improved. Let's take a look at its own fundamentals. On the supply side, the cumulative output of soda ash in the first August of this year was 2560.0 million tons, an increase of 22.1% year-on-year. Last week, the output of soda ash was 661,800 tons, an increase of 6.16% month-on-month. The total inventory of domestic soda ash manufacturers was 1.3988 million tons, an increase of 3.58% month-on-month. Production and inventory pressure still exist, but there are already two production processes entering the loss stage, and cost support is increasing. In terms of demand, downstream glass consumption is slow, but market sentiment is improving, and attention is paid to later stocking efforts. Overall, the improvement of the macro environment has provided assistance to the disk, and the rebound of soda ash may continue.