On January 13, the benchmark price of light soda ash, according to SunSirs, was 1,230.00 RMB/ton, a decrease of 1.6% compared to the beginning of the month (1,250.00 RMB/ton).
On January 13th, the benchmark price for heavy soda ash, according to SunSirs, was 1,218.57 RMB/ton, a decrease of 0.58% compared to the beginning of the month (1,225.71 RMB/ton).
On January 13th, the soda ash prices in North China were quoted as follows: light soda ash was mainly priced at around 1,180-1,250 RMB/ton, a decrease of 30 RMB/ton compared to January 4th; heavy soda ash was mainly priced at around 1,220-1,300 RMB/ton. The operating rate of soda ash production haD increased, but market inventory pressure remained. Downstream buyers were purchasing on a need-to-basis, resulting in a weak trading atmosphere and cautious sentiment among industry participants. In the short term, the soda ash market in North China is expected to remain stable with a wait-and-see approach.
On January 13th, the soda ash prices in East China were as follows: light soda ash mainstream market price was around 1,120-1,560 RMB/ton, a decrease of 20-40 RMB/ton compared to January 4th; heavy soda ash mainstream market price was around 1,170-1,300 RMB/ton, a decrease of 30 RMB/ton compared to January 4th. Soda ash production rates increased slightly, market inventory rose, and downstream buyers purchased on a need-only basis, resulting in a generally subdued trading atmosphere. The East China soda ash market is expected to remain in a wait-and-see mode in the short term.
On January 13th, the soda ash prices in Central China were quoted as follows: light soda ash mainstream market price was around 1,120-1,180 RMB/ton, a decrease of 20-40 RMB/ton compared to January 4th; heavy soda ash mainstream market price was around 1,200-1,300 RMB/ton, a decrease of 100 RMB/ton compared to January 4th. Downstream demand for soda ash remained primarily driven by essential needs, market transactions were generally sluggish, factory shipments were limited, and inventory pressure on the supply side persisted. Industry participants had a weak market sentiment. In the short term, the soda ash market in Central China is expected to remain stable with a wait-and-see approach.
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