Weak demand, oversupply causes 10% decrease in Chinese soda ash prices
Published: Monday, 23 July 2018
Soda ash prices dropped for the second consecutive week in China as market participants report oversupply and weak demand, with consumers making smaller purchases as they hold out for further price decreases.
Chinese soda ash prices fell by 10% - the
largest single drop in price in at least two years - amid
oversupply and weak domestic demand.
Industrial Minerals assessed the price for soda
ash,synthetic, dense and light, fob China at $260-270 per tonne
on Thursday July 19, down from $290-300 per tonne...