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Soda ash prices in Asia are driven by soaring raw material costs

May 26/2011

(ICIS) -- Soda ash prices in Asia are expected to continue rising in the near-term, driven by soaring raw material costs, and with demand likely to pick up in the summer months amid decreasing supply, market players said on Thursday.


Spot prices rose by 20% from mid-April to around USD 300/tonne (EUR 213/tonne) CFR (cost and freight) Asia on 25 May, led by the Chinese market, according to ICIS data.


In the domestic Chinese market, dense soda ash prices have gone up by around yuan (CNY) 200-300/tonne (USD 30.8-46.2/tonne) to CNY2,050-2,150/tonne DEL (delivered) over the same period, market sources said.


Prices of dense 99% purity bulk soda ash parcels had increased to USD 280-310/tonne FOB (free on board) China in the week ending 25 May, according to ICIS.


The price spikes are in line with escalating costs of raw materials - salt and petroleum coke, and crude prices, they said.


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