What is soda ash futures？

Soda futures are futures contracts with soda as the subject matter. Soda soda is composed of sodium carbonate, also known as soda, alkali ash, alkali noodles, etc. Soda soda is an important basic chemical raw material, which is mainly used in building materials such as flat glass, daily glass, detergent, alumina, etc.

On December 6, 2019, soda ash futures were listed and traded on Zhengzhou Commodity Exchange. Code SA, 20 tons per hand, minimum fluctuation price 1 yuan/ton.

The global soda production capacity is mainly concentrated in Northeast Asia, North America and Europe, among which China is the largest soda producer in the world, accounting for about 40% of the global soda production capacity. The soda production in the United States and Turkey is dominated by natural soda process, which has obvious cost advantages, while the domestic natural soda accounts for only about 5%.

Contract rules of soda ash futures:

Trading variety: soda ash

Trading margin rate: 9.0%, and the transaction requires about 5600 yuan.

Range of price limit: 8.0%

Quotation unit: RMB/ton

Minimum price change unit: 1 yuan/ton

Contract multiplier: 20.0 tons

Trading hours: Monday to Friday, 9:00-11:30 and 13:30-15:00, and 21:00-23:00 pm (night session).

Exchange: Zhengzhou Commodity Exchange

Contract code: SA