SunSirs: The Price Trend of Soda Ash in Some Regions of China on November 5th
November 06 2024 09:12:32 SunSirs (John)
On November 5th, the price of soda ash in North China remained stable, with mainstream market prices for light soda ash ranging from 1,600-1,630 RMB/ton. Compared to the price on November 4th, the price was lowered by 70 RMB/ton; The mainstream market price for heavy soda ash was around 1,650-1,750 RMB/ton, with a price reduction of 50 RMB/ton compared to the price on November 4th. The soda ash market had sufficient inventory, and manufacturers maintain active shipments. Downstream demand was average, and the purchase of soda ash was limited. In the short term, the soda ash market in North China is weak and stable.
On November 5th, the price of soda ash in East China remained unchanged, while the mainstream market for light soda ash was around 1,420-1,600 RMB/ton. Compared to the price on October 21st, the price was lowered by 30 RMB/ton; The mainstream market for heavy soda ash was around 1,500-1,650 RMB/ton, with a price reduction of 50 RMB/ton compared to the price on October 21st. The soda ash market had sufficient inventory, manufacturers maintained active shipments, downstream demand was weak, and the purchase of soda ash was limited. In the short term, the soda ash market in East China will operate steadily.
On November 5th, the price of soda ash in Central China remained unchanged, with mainstream market prices for light soda ash ranging from 1370-1600 RMB/ton. Compared to the price on October 25th, the price was increased by 20 RMB/ton; The mainstream market price for heavy soda ash was around 1,500-1,600 RMB/ton, with a price reduction of 50 RMB/ton Compared to the price on October 21st. The utilization rate of soda ash production capacity was relatively high, the market supply was sufficient, enterprises actively shipped, downstream demand was poor, and the purchase of soda ash was limited. In the short term, the soda ash market in Central China will operate steadily and wait-and-see.
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