SunSirs: The Market Situation of Soda Ash in Some Regions of China on July 8th

On July 8th, the quotation of soda ash in East China was adjusted, and the mainstream market for light soda ash was around 1,090-1,250 RMB/ton. The price was lowered by 10 RMB/ton compared with July 7th,; The mainstream market for heavy soda ash was around 1,200-1,350 RMB/ton, with a price reduction of 30 RMB/ton compared July 2nd. The utilization rate of production capacity on the supply side was relatively high, the inventory of soda ash was sufficient, and the downstream market was declining, resulting in limited demand for soda ash. The market trading atmosphere was average, and the soda ash market in East China was operating weakly and steadily.

On July 8th, the price of soda ash in North China remained unchanged, with the mainstream market price for light soda ash being around 1,180-1,250 RMB/ton. Compared to the price on June 30th, it was lowered by 40-50 RMB/ton; The mainstream market price for heavy soda ash was around 1,300-1,350 RMB/ton, which was lowered by 50 RMB/ton compared with the price on June 30th. The utilization rate of production capacity on the supply side was relatively high, the inventory of soda ash was sufficient, and the downstream market was declining. The demand for soda ash was average, and the market trading atmosphere was relatively weak. In the short term, the soda ash market in North China is operating in a wait-and-see manner.

On July 8th, the price of soda ash in Central China remained unchanged, with mainstream market prices for light soda ash ranging from 1,060-1,250 RMB/ton. Compared with the price on July 2nd, the price was lowered by 40-50 RMB/ton; The mainstream market price for heavy soda ash was around 1,200-1,300 RMB/ton, with a price reduction of 50 RMB/ton compared with the price on July 2nd. The utilization rate of supply side production capacity was relatively high, the inventory of soda ash market was sufficient, the downstream market was weak, and the market entry followed up according to demand, resulting in a weak trading atmosphere in the market. In the short term, the soda ash market in central China is operating in a wait-and-see manner.

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