January 13th News: On January 12th, the total inventory of domestic soda ash manufacturers reached 1.5647 million tons, an increase of 56,300 tons compared to the previous Monday, representing a growth rate of 3.73%. Among this, light soda ash inventory stood at 844,000 tons, while heavy soda ash inventory was 720,700 tons. According to Chempricehub's analysis of soda ash, the long-short score is -1.5. The inventory increase of 56,300 tons, with a growth rate of 3.73%, indicates a risk of oversupply, exerting downward pressure on spot prices and potentially leading to a decline in spot prices. In the futures market, based on data from the main contract 2605 (closing price of 1,239 yuan per ton, up by 5 yuan), the accumulation of inventory may restrain future gains, increase bearish pressure, and pose a risk of a pullback in futures prices.
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