The rising trend of Formic Acid has moderated last week

The price date from ECHEMI shows that, the Ex-Factory price was running at high levels, remained consolidation.

At present, because of the environmental and haze problems, Chinese government control the manufactures who can produce dust easily strictly, which leads to the producing rate of Soda Ash turn low keeps around 80%, then the inventory became tight.

While the tension between supply and demand, to the downstream glass industry, the demand performs steadily, mainly small orders. On the other hand, since the influence of weather and transport in Northern China, the manufacturers of glass purchase and stock up Soda Ash actively, the atmosphere of Soda Ash market is active, too. It is estimated that the price of Soda Ash will keep upgoing slightly in the near future.