Asian Soda Ash prices fell during the week ending May x, driven by declining production costs, elevated stocks, and weak downstream demand. European market prices remained stable, however, despite poor local demand, underpinned by continued cost discipline and stable exports.
The price of Soda Ash light in the Chinese market was quoted on May x at USD xxx/MT. The recent price decline indicated that the overall price center has gone lower. According to market participants, the continued drop in raw material prices has significantly lowered the production cost of soda ash. This is the fundamental reasoning behind the recent decline in Soda Ash prices in the Asian region.
A clear drop in manufacturing expenses for soda ash producers. Up to early May, the price for ammonia-soda manufacturers fell compared with the previous month. The combined alkali companies also witnessed the...
