Downstream industry boom rebounds soda ash futures prices continue to rise

Recently, soda ash futures prices continued to fluctuate upward
.
As of the close of the afternoon of July 21, the main soda ash contract 2109 closed at 2380 yuan/ton, rising to a maximum of 2396 yuan/ton, setting a record high for the contract

Regarding the spot market, the Bank of China Futures analyzed that equipment maintenance and equipment problems affected the start-up and production of soda ash.
Prices in East China continued to remain high, shipments in the region were basically smooth, and rigid demand accounted for a relatively large proportion.
The downstream demand in the central China spot market showed a slight increase.

As the price of soda ash continues to rise, the interim report forecasts of related listed companies are also expected to be happy
.
Shandong Haihua announced that it is expected to achieve a net profit of 230 million to 270 million yuan attributable to shareholders of listed companies in the first half of the year, a year-on-year turnaround

Some companies are also increasing the layout of the soda ash industry
.
In late June, Xuetian Salt issued an announcement stating that the company intends to issue shares to the controlling shareholder Hunan Light Industry Salt Industry Group Co.
, Ltd.
to purchase 100% of the shares of Xiangyu Salt, with a transaction consideration of 1.

In the mid-term, Founder believes that in terms of demand, the leapfrog development of photovoltaic glass production capacity, the restorative growth in demand for daily-use glass, and the steady increase in float glass production capacity are all conducive to the continued improvement of soda ash demand.
Adequate adjustment is conducive to the long-term stability of the market