Soda Ash prices in the Asian market were down fractionally in the final week of May xxxx and early June, as weak downstream demand and increased operating levels at production facilities dissipated market sentiment.
Light-grade Soda Ash prices stood at approximately USD xxx/ton in the Chinese market on May xx, having fallen slightly by x.xxx compared to the previous week and by x.xxx since the beginning of the month. The decline was due to higher supply and a conservative buying strategy from the downstream industry, particularly the glass industry.
On the production side, activity bounced back after significant plants, such as Kunlun Alkali Industry, resumed production. As a result, the operating rate within the Soda Ash market rebounded. Nevertheless, the confidence in the market was still depressed, and trading activity was mostly suppressed in the Soda Ash market. Producers were...
