US soda ash contracts fall short on lingering market weakness

The global market for soda ash seemed to have bounced back from the recession of 2009, but in 2012, after two years of strong growth, demand weakened dramatically, and recent contract settlements confirm reports that the market has not fully recovered. US soda ash producers have been running at maximum rates and exporting record volumes, but their bid to raise domestic contract prices for 2013 met only modest success, and export prices have actually fallen. Major US producers had wanted a $10/ton increase in domestic contracts, according to the January edition of...

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