SunSirs: The Price of Soda Ash in North China Was Running on a Wait-and-see Basis on November 25th
November 26 2024 09:57:23 SunSirs (John)
Price trend
On November 25th, the price of soda ash in North China remained unchanged, 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.
Analysis review
The utilization rate of soda ash production capacity has fluctuated slightly, the total inventory in the market has been reduced, and companies were actively shipping. The downstream market was average, and they were following up on demand when entering the market. Industry players were adopting a wait-and-see attitude.
Market outlook
In the short term, the soda ash market in North China is consolidating and operating.
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