On April 30, 2024, the futures market closed, and the main domestic futures contracts rose and fell each other. The Container Transportation Index (European line) rose by more than 5%, Shanghai zinc by nearly 3%, and Shanghai copper, ferrosilicon, manganese silicon, international copper and methanol by more than 1%. In terms of decline, soda ash fell nearly 4 per cent, eggs, lithium carbonate, glass and low-sulfur fuel oil (LU) fell more than 2 per cent, and liquefied petroleum gas (LPG) fell nearly 2 per cent.

Soda ashSeagames2022livemalaysia:

1. On the news side, Yuanxing Energy said that the commissioning of the fourth production line of the first phase of the Alashan natural soda project is under way, and strive to reach production by the end of June. The company will make great efforts to promote the production line of the first phase of Alashan natural soda project.Seagames2022livemalaysiaReach the output of soda ash and increase the output of soda ash. From a fundamental point of view, April maintenance slightly exceeded expectations, rigid demand increased, near delivery plate speculation summer inspection market.

2. on the disk, the price increase of the alkali plant last week combined with the convergence basis. After the spot price rose rapidly on Monday, the wait-and-see mood in the lower reaches became stronger, and the spot merchants bought the arbitrage single-lock warehouse of the spot surface, the market liquidity was poor, and the current futures price rose slightly. Close to the holiday, the hype fades, and the futures price falls quickly. if the futures price continues to decline to the discount spot, the cash inventory will be opened and the supply will return to the loose state again. In the short term after the festival, the alkali plant is still willing to stand up, the spot price is expected to be stable, and the price game between upstream and downstream. If the alkali price continues to rise, it requires more maintenance plans or more downstream demand than expected. From the point of view of risk control, it is recommended to control the position before the festival and wait for the verification demand after the festival. (Guangzhou Futures)