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Sinopec News: The price of soda ash is trending weak, and trading activity remains dull.
In recent times, profit conditions for soda ash alkali manufacturers have improved. There are no additional planned turnarounds or maintenance. Hubei Shuanghuan and Jiangsu Shilian plan to carry out maintenance in May. In the soda ash market, supply of goods is ample. On the board, prices have been fluctuating and trending downward; middlemen are actively shipping out, and the spot futures supply price has an advantage. For heavy soda ash, demand driven by necessity remains stable with a slight decline. Light soda ash demand is steady and trending positively. Downstream users replenish inventories when prices are lower. Overall, soda ash manufacturers’ follow-up on new orders is moderate, and some manufacturers take orders more flexibly. In the short term, soda ash manufacturers’ overall inventory levels remain high. The usage of heavy soda ash still has expectations of further decline, and soda ash market prices may drift lower and run weakly. (Zhuochuang Information)