- Global soda ash prices showed regional divergence in Q2’26, with Asia facing supply pressure while North America experienced supplier-led increases.
- Feedstock conditions had limited impact in China but higher energy, fuel and logistics costs supported pricing efforts in Europe and North America.
- Downstream demand remained weak in glass and photovoltaic applications, while construction and automotive glass provided limited support.
Asia
The Soda Ash price curve in China moved slightly downwards during the second quarter of 2026, with prices remaining ~RMB 1.2/kg in the first two months of the quarter. The market weakened due to high production availability, elevated inventories and cautious downstream purchasing. Chinese soda ash capacity remained stable, with utilisation above 82%, keeping supply ample despite maintenance activities. Producer inventories remained high as float glass and photovoltaic glass manufacturers reduced purchases and maintained low stock levels. Weak profitability in glass production and limited demand from detergents, chemicals and other industries prevented a recovery.
Europe
European soda ash markets remained under pressure due to weak seaborne pricing, strong competition and high production costs. Lower pricing from international suppliers affected negotiations, while synthetic soda ash producers continued facing elevated energy and transportation expenses. Supply from Turkey and China limited producers’ ability to fully pass on higher costs. Demand remained mixed, with automotive glass consumption supported by higher vehicle registrations, but weak industrial activity and limited construction demand restricted broader recovery. Higher energy costs provided some price support, but excess availability kept market conditions competitive.
North America
Soda Ash prices in the United States increased to ~USD 263.61/MT in April and ~USD 295.75/MT in May, showing a ~12.2% increase. The market received support from supplier price increases, higher logistics expenses and temporary production disruptions. Natural soda ash producers retained a cost advantage due to trona-based production, supporting export competitiveness. Downstream demand remained relatively stable, supported by glass and construction-related applications. Non-metallic mineral product output and construction-supply activity improved during the quarter, supporting soda ash consumption in glass manufacturing. However, overall manufacturing activity remained moderate, limiting stronger demand growth.