Asian soda market pressure 2019-07-24
Source: China National Chemical News July 11, 2019 The soda ash market in Asia is expected to continue to be dragged down by China's ample supply, and the market outlook is still not optimistic. In July, the quotation of heavy soda ash fell to US$240/ton (FOB, China), while the quotation of light soda ash was US$230-235/ton, which was about US$20/ton lower than the price shipped in June. Although the price of soda ash in Asia has fallen to its lowest point since February and March 2018, market sentiment is still sluggish and liquidity is still weak. After the shutdown and overhaul of the device, the production of soda ash in China continues to rise. Tangshan Sanyou Chemical's 3.3 million ton/year soda ash plant will increase its operating rate this month to achieve full production. Previously, due to maintenance work, the plant reduced production for two consecutive months. In addition, Shandong Haihua will increase production in July. Lianyungang Alkali Industry Co., Ltd. 1.3 million tons/year soda ash plant will be at full capacity in September this year.
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