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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.
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Prices for antimony trioxide on a cif basis in Europe and the United States slumped in the seven days to Tuesday March 19 while bearishness in the Chinese market, the biggest exporter of the material, filtered into overseas prices.
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Fused alumina prices have fallen further during the two weeks to Thursday May 14 because of continued bearish pressure resulting from weak demand from refractories consumers, while bauxite prices remained flat on a largely muted export market and scarcity of supply in China.
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Producers of andalusite in various countries have been able to restart operations after Covid-19 pandemic lockdowns, although they warned that a return to pre-closure output volumes will be slow and gradual.
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As the global soda ash industry adjusts to shifts in market fundamentals, Laura Syrett considers the outlook for the mineral’s key sectors and emerging applications.
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Brown fused alumina (BFA) and white fused alumina (WFA) prices are increasingly moving separately in their pricing patterns, with the latter having deepened its price discount to BFA against a historic premium.
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The latest forecasts from Fastmarkets’ team of analysts is ready to view.
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Prices for antimony trioxide were unchanged in the seven days to Tuesday May 5 amid the Labour Day celebration in China and slack demand from Europe and the United States.
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After a consultation period lasting one month, Fastmarkets has amended the frequency of assessment of its India ex-works and China fob soda ash prices.
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