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Revised Prices Of Soda Ash Issued By Tata Chemicals

The revised basic Ex. Mithapur (the mother plant of Tata Chemicals) prices (INR/per MT) of Soda Ash (all grades) are mentioned as follows, w.e.f. 15th Feb 2023.

In West Bengal, Tamil Nadu, and Pondicherry, the prices (INR/MT) of Soda Ash Light changed from 35,500 to 35,900 and prices of Soda Ash Dense climbed from 36,500 to 36,900 while the GRANPLUS prices rose from 37,500 to 37,900.

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In AP, Telangana, Karnataka, Maharashtra, Bihar, Jharkhand, and Chhattisgarh regions, the prices (INR/MT) of Soda Ash Light remained at 36,000, and Soda Ash Dense stayed at 37,000; along with that, the GRANPLUS prices continued at 37,500.

In the remaining parts of the country, prices (INR/MT) of Soda Ash Light, Soda Ash Dense, and GRANPLUS stayed at 36,700, 37,700, and 38,200, respectively.

The Market For Soda Ash Strengthens In The Asian Region With The Increase In Downstream Inquiries

The prices for Soda Ash wavered in the Asia Pacific region at the highest levels due to the advancement in downstream offers as well as a modest increase in the weekly output. During February-end 2023, the inventories for Soda Ash were decreased to a limited range amid growing operations following the resumption of the region's plant.

The recovering downstream offtakes in India helped the market for Soda Ash in mid-February 2023. Apart from that, the prices of Soda Ash in India dropped during the week ending February 17, 2023, as the rise in inventories amid sufficient production activity in India reduced the supply-demand gap.

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In addition, the expected downstream glass industry's positive market sentiments improved the real estate sector, as well as an anticipated increase in fresh orders will result in the replenishment of inventory in the Soda Ash market by industry players, raising prices of the commodity in India.

The prices of Soda Ash increased in the market in China during February-end on the back of tight supplies as well as a swell in downstream demand. As per sources, the worldwide economic slowdown, along with frail export offers, has significantly blocked the international market for the commodity.

The Soda Ash demand is expanding at a sluggish pace after the Lunar New Year holiday, and the market in China is operating self-sufficiently towards the month-end.

In Five Years, Gujarat Will Add 11 Lakhs TPA In Soda Ash Capacity

The inorganic chemicals industry in Gujrat is ready to see a considerable capital infusion of INR 6,500 crore, with key players lining up major expansions. As per the industry players, this is particularly accurate for soda ash manufacturers, who are set to add cumulative capacities in the approaching three to five years up to eleven lakh tonne per annum.

The second-largest soda ash player in India, Gujarat Heavy Chemicals Limited (GHCL), is getting ready for greenfield expansion proposing a chemical complex for producing light and dense soda ash in Mandvi taluka of Kutch district with a funding of INR 4,000 crore.

The corporation is waiting for environmental clearances to start the construction of the project, and the plant will be commissioned by 2025-end.

Hence as per the Procurement Resource article, the revised Soda Ash prices are higher than before as per Tata Chemicals. In March 2023, the prices for the commodity might get better due to enhancing demand from the downstream glass industry in the Asia Pacific region. Additionally, anticipated fluxes in upstream energy prices are expected to affect the commodity's price. Further, the regional market might be more positive on supply and demand during March 2023.

On top of that, the energy drive and stimulus in self-reliant India, the addition of a Soda Ash manufacturing unit was announced by GHCL Limited in Bada village of Mandvi taluka in Kutch (Gujarat) amid the expectation of an uplift in demand from downstream the solar glass segment of India, and the plant will begin operation by 2025.