January 30th News
On January 29th, the weekly shipment volume of Chinese soda ash enterprises was 760,100 tons, a decrease of 7.94% compared to the previous period. The overall shipment rate of soda ash was 97.06%. Chempricehub analyzed soda ash with a bullish-bearish score of 1, reasoning: The article indicates a 7.94% decrease in soda ash shipments compared to the previous period, suggesting tightening supply, which may drive up spot prices. The high shipment rate of 97.06% reflects robust demand and effective inventory digestion. Combined with the latest data on the main soda ash futures contract (such as 2609), the closing price rose to 1,281 yuan per ton, an increase of 15.00, and open interest increased by 8,241 lots, indicating strengthened market bullish sentiment. The news of reduced supply may further support the upward movement of futures prices, thus the score is generally favorable.