Weaker demand hits China soda ash prices and causes production cuts and sales declines elsewhere
Published: Friday, 22 May 2020
Chinese soda ash prices have hit a five-year low while Solvay and Ciner Resources achieved lower quarterly sales volumes, with the latter cutting its production by 20% - all as a result of the Covid-19 pandemic.
The outbreak of the novel coronavirus triggered widespread
lockdowns that have seen global demand fall significantly,
resulting in soda ash stocks building up in China and
glass factories hitting minimum production levels in
China - like the US and European markets - is a net-exporter
of soda ash...