The structural surplus in the soda ash market has led to weak soda ash prices. In the later stage, we should focus on the reduction in output of the soda ash industry. If the production cannot be effectively reduced, even if the soda ash futures price rebounds briefly, time and space will be very limited.

Soda ash futures have been relatively weak since its listing, mainly due to the structural surplus of the soda ash spot market and high premiums in the futures market. As soda ash manufacturers take turns overhauling and stocking up by glass factories, the spot price of soda ash has basically reached the bottom, but the pressure on soda ash futures is still high. The gradual recovery of the supply side of soda ash will bring resistance to the recovery of the medium-term market.