Xiangyu Salt & Chemical’s “Wan Xiang” brand soda ash has become a futures-exempt inspection brand.

Summary: On August 16, the Zhengzhou Commodity Exchange announced on its official website the addition of a new brand to the list of exempted inspection brands for soda ash. The “Wanxiang” brand of soda ash has officially become an exempted inspection brand for futures contracts. Since its launch on December 6, 2019, soda ash futures have quickly become the exchange’s most actively traded and prominent product within less than three years of development, profoundly influencing transactions in the spot market as well. Thanks to advantages such as leading and accurate price forecasting, capital management that leverages small investments for large returns, and convenient and efficient supply channels, soda ash futures have attracted an increasing number of end-users and traders, reshaping the market strategies and sales models of alkali producers and establishing themselves as a significant force in the spot market. The Xiangyu Salt & Chemical Sales Corporation foresaw the immense market impact of soda ash futures and proactively planned and prepared accordingly. In May 2021, the Sales Corporation led a team to visit the Zhengzhou Commodity Exchange to discuss applying for exemption from inspection and exchanged views with the exchange. In September of the same year, under the guidance of the futures company and after extensive and complex preparatory work, the corporation formally submitted its application. In April 2022, Xiangyu Salt & Chemical underwent the relevant inspections conducted by the Zhengzhou Commodity Exchange on both the factory and its products and made the necessary rectifications. After more than a year of meticulous preparation and document refinement, the application was successfully approved. This approval will greatly enhance the visibility and reputation of Xiangyu Salt & Chemical’s products, while also helping to broaden sales channels and facilitating the participation of soda ash in futures trading. During the application process for exemption from inspection, the Sales Corporation deepened its understanding and mutual trust with the Zhengzhou Commodity Exchange, gaining a deeper insight into soda ash futures.

Keywords: Xiangyu Salt & Chemical’s “Wan Xiang” brand soda ash has become a futures-exempt inspection brand.