Ciner Resources Q3 income falls as soda ash prices remain low
Published: Friday, 04 November 2016
Soda ash prices fell both internationally and domestically y-o-y as the company attempted to gain market share. However an improvement sequentially resulted in stronger results quarter-on-quarter.
US soda ash producer Ciner Resources LP reported a 14%
decrease year-on-year (y-o-y) in net income for the third
quarter of 2016 to $23.1m.Net sales increased 3% to $121m for
the quarter driven by an increase in soda ash volumes sold of
9%, although these gains were partly offset by...