Last week, soda ash futures prices showed a significantly accelerated decline. The gap and break at the beginning of the week really caught people off guard, and since then, they continued to break downward without any decent sign of rebound.

Market prices have dropped to a new low in the past two years. Is the traditional peak season expected?

Supply is expected to increase, soda ash prices are weak and downward

After futures prices approach the ammonia and soda cost line, soda factories have shown their mentality of supporting prices, and some maintenance plans have also been announced. It will become more difficult for futures prices to break down in the short term, and it will still be possible to rush to the upper repair basis.

Soda ash futures prices experienced continuous increases throughout April, and finally ushered in a downward adjustment before May Day.

Before May Day, the soda ash market was on a strong upward trend, and supply increased and decreased simultaneously. In May, market maintenance expectations increased, and companies were supported by orders on hand. Can prices break the situation and rise again?