Soda Ash Forecast

The latest price (2022-04-20): light soda ash 2612.5 CNY/ton & heavy soda ash 2866.67 CNY/ton

Analysis points:

According to the monitoring data of the business agency, the price of soda ash is running in a consolidation, and the downstream is purchased in an appropriate amount. The market trading atmosphere is general. Affected by public health events, transportation will be affected. It is comprehensively expected that soda ash will be stable and small, depending on the downstream market demand. According to the monitoring data of the business agency, on April 20, the palm oil market plunged, and the prices fell one after another. The palm oil fell by 2.45% in a single day. Affected by the external disk, the price of palm oil rose too fast in the early stage, and the mainstream quotation of palm oil exceeded 13,800 CNY/ton. Continued high prices of oils and fats inhibited transactions, and the external market lacked motivation to pull up, ushering in a rational callback.

Market outlook forecast:

In the future, palm oil still has room to rise.