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Soda ash Supply witnessed a significant rise throughout the Q1 of 2022 in North America amidst the appreciable offtakes from the downstream segments such as figured glasses, automotive, construction and cleaning sectors in USA. Rise in Soda Ash prices resulted due to a steep rise in demand from glass and construction segment due to the active pick-up in the domestic market. Domestic manufacturers implemented consistent positive revisions in Soda ash price in the near term as they had no choice but to pass on the additional cost down the value chain to secure their margins. The price of Soda As
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Soda Ash Price Trend and Forecast Soda Ash price witnessed a significant rise throughout the Q1 of 2022 in North America amidst the appreciable offtakes from the downstream segments such as figured glasses, automotive, construction and cleaning sectors in USA. Rise in Soda Ash prices resulted due to a steep rise in demand from glass and construction segment due to the active pick-up in the domestic market. Domestic manufacturers implemented consistent positive revisions in Soda ash price in the near term as they had no choice but to pass on the additional cost down the value chain to secure their margins. The price of Soda Ash Light was assessed at USD 304/MT on an Ex-Works Wyoming basis. https://www.chemanalyst.com/Pricing-data/soda-ash-76
The Asia Pacific Soda Ash market displayed an upward trend in Q1 of 2022 The Asia Pacific Soda Ash Supply displayed an upward trend in Q1 of 2022 caused by a shortage of supply, first due to the resurfacing of COVID 19 cases in East Asia, second, due to the Chinese government’s winter air pollution control norms that restricted production rates till the tail end of February and finally due to the onset of war in Eastern Europe and the consequent ban on Russian Oil and Gas that led to a sharp rises in Energy prices in APAC region. Soda Ash manufacturers in China have increased their operating rates. Meanwhile, major Soda Ash manufacturers were undergoing maintenance turnarounds in February. Planned turnarounds at Zhouguan Chemicals and Jiangsu Shilian Chemicals in the month of February adversely impacted Soda Ash's supply in China and the international market. Additionally, a resurgence of Covid 19 had also resulted in production cuts under zero covid policy in China in the month of March. https://www.chemanalyst.com/Pricing-data/soda-ash-76
Updated Soda Ash pricing in Europe online Soda Ash pricing in Europe experienced a hike because of rise in production cost in the European market as manufacturers were compelled to pass on the excess cost of production to the downstream segments in response to soaring energy prices since the last week of February with the onset of war between Russia and Ukraine. A ban on Russian oil and gas by EU nations led to energy costs skyrocketing in the month of March. The prices of dense Soda Ash and light soda ash in Germany were assessed at USD 507/MT and USD 476 MT in the month of March respectively, on an FOB Hamburg basis. Land freight costs have seen a sudden spike in the aftermath of the war due to increase in fuel prices adding to the woes of downstream paper & pulp, and food industries. https://www.chemanalyst.com/Pricing-data/soda-ash-76
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