Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards
Square
Latest
Hot
News
Profile

Guotai Junan Futures: Oversupply and weak demand are the root causes of the current weakness in soda ash.

K-LinePoet
robot
Abstract generation in progress
Soda ash is weak in the short term, but caution is needed when short-selling. Oversupply and weak demand are the fundamental reasons for the current weakness of soda ash. The domestic soda ash market is stable and weak, with prices oscillating at the bottom. Individual enterprises have increased their operating rates, leading to a narrow increase in overall supply. Downstream demand is average, mainly based on demand, and futures have fallen, increasing low-priced transactions. Looking at plant maintenance expectations, the number of maintenance plants is expected to increase around mid-month, leading to a decline in supply. Current market support factors mainly include manufacturers' tendency to support prices and a slight basis support. On the other hand, valuation factors are that current futures valuation is close to the price of transporting the lowest-cost plant cost line to the delivery warehouse. Of course, the bearish logic believes that valuation factors are secondary in the trend of oversupply and demand. (Guotai Junan Futures)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments

  • Pinned

Sitemap