Soda Ash Prices Overview

Market Overview

Quarterly Update on Global Soda Ash Market
 
For the Quarter Ending September 2020
 
Asia
 
Asia’s Soda Ash market is anticipated to remained suppressed by ample supplies, particularly in northeast Asia due to rising output and completion of plant turnarounds. On the supply side, Chinese producers lifted the operating rates to reach normalcy to cater to the consistent demand. However, relatively sagging demand resulted in the pile-up of huge stocks of Soda Ash, with inventories in China reaching their peak by the end of Q3. This high stock resulted in the significant fall in export and import prices of Soda Ash in China during the quarter. Overall Soda Ash industry is weakly organized with Indian players still eyeing on pick up in demand patterns amid pandemic-induced slowdown. With producers highlighting weak downstream demand, FOB China Soda Ash prices were assessed at the USD 185 per tonne levels in mid-August.
 
North America
 
Despite improved performance of some of the downstream Soda Ash consumers, overall product demand has shown no considerable movement during the third quarter. Although there was the slight improvement in demand outlook during some months, the overall demand has remained pressured under the economic fallout throughout H22020. Several Soda Ash producers were heard operating at reduced efficiencies to manage their inventory levels. The US manufacturer Genesis Alkali put on hold its Trona based plant located in Granger Wyoming till September which was later extended till the end of the year, further affecting the export volumes.
 
Europe
 

Throughout Europe there is little change in the market conditions of Soda Ash. Major soda ash players claimed that there is a little change in the pricing in the third quarter as producers are preparing to lift the market conditions. The announcement of Ciech to suspend the operations at its Romanian unit in Govora, had the little effect on overall Soda Ash supply. Key producers of Soda Ash stated that margins have been squeezed, pressured under the weak demand across the region as they could hardly see any improvement in the consumption patterns in the upcoming quarter.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Soda Ash manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Soda Ash market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Soda Ash market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.
 

Finally, region-specific markets for Soda Ash are analyzed and region-wise demand pattern is tracked.

About

Soda ash (also known as calcium carbonate) is an inorganic compound with chemical formula Na2Co3. It is odorless, white colored inorganic salt and is hygroscopic in nature. It is dusty, inflammable and non-toxic in nature. There are three grades of Soda Ash produced globally – dense soda ash, light soda ash and washing soda. Dense soda ash is an anhydrous compound and is an important industrial chemical highly suitable for the manufacturing of flat, automotive, container and figured glasses. Natural light soda ash is an alkaline granular material used as a pH regulator/ buffering agent in various industrial manufacturing process. Washing soda is an anhydrous chemical prepared by combination of light soda ash and water molecules. It is an essential ingredient in many familiar products like soap and detergents for improving their cleaning properties. Soda ash is also used to remove sulphur and phosphorus contents in many ferrous and non-ferrous ores. Soda ash is prepared by two methods one by Solvay process or ammonia soda process and other by mining naturally occurring trona ores. Today, the mining route of Soda Ash production accounts for around 33% of global production, which means that the majority of Soda Ash is prepared industrially by the Solvay process. Earlier soda ash was prepared by Leblanc process. Now Solvay process holds more industrial importance than Leblanc process.