06 March 2009 23:59 [Source: ICIS news]
LONDON (ICIS news)--Soda ash prices have begun to slip and production is being cut across ?xml:namespace>
“A recent flush of soda ash from countries such as
A producer agreed, saying it had heard that capacities had been reduced by around 20% or more in
Market sentiment was that prices had begun to slip, and the range was adjusted down by $5/tonne to reflect it this week. Participants said that this was now following the falling trend in both the Middle East and
Dense soda ash bags were pegged at $325-350/tonne FOB (free on board) NWE (northwest
A source said that recent pricing policies at major producers were also to blame for the decrease.
“This minor drop is only the beginning, as continuing imports will exert further pressure”, it added.
Demand for soda ash was generally described a depressed, especially in the flat glass sector, where consumption was reported to have fallen by over 20%.
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