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Page 1 ISSUE NUMBER: 075 October 2014 Lily Wang +861064335599-637 [email protected] CAUSTIC SODA…………………………………………………………… (Page 1-18) Raw Material Domestic market Export market Downstream market Forecast Production news SODA ASH ………………………………………………………………… (Page 19-26) Domestic market Soda ash price monitoring Export Date HYDROCHLORIC ACID …………………………………………………… (Page 27) CHLORINE ………………………………………………………………… (Page27-28)

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Page 1: CAUSTIC SODA ...world.ccaon.com/edit/uploadfile/20141013104251161.pdfwatery in Sep, and most players held wait and see attitude on the market condition. N.China 500-570 470-570 Caustic

Page 1

ISSUE NUMBER: 075 October 2014

Lily Wang +861064335599-637 [email protected]

CAUSTIC SODA…………………………………………………………… (Page 1-18)

Raw Material

Domestic market

Export market

Downstream market

Forecast

Production news

SODA ASH ………………………………………………………………… (Page 19-26)

Domestic market

Soda ash price monitoring

Export Date

HYDROCHLORIC ACID …………………………………………………… (Page 27)

CHLORINE ………………………………………………………………… (Page27-28)

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Page 2

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Salt market

In September, domestic solar salt production went into the harvest period. Due to the better weather

condition, the salt outputs increased evidently, forming certain pressures on sales. In a word, salt

prices remained steady tendency and the prices fluctuated slightly in some regions. Solar salt

market, in NE.China, Shandong and Jiangsu, solar salt stocks increased, but downstream demands

were common; some players adjusted the prices in order to receive the funds. In well salt market,

the prices in coastal areas emerged downward movement affected by solar salt market. In inland

areas, players had not adjusted the offers influenced by cost and market factors. However, in Hunan,

Hubei and SW.China, well salt players felt heavy inventory pressures, and the offtakes were difficult

due to transportation cost and the market demands. In Jiangsu and Jiangxi, the market competition

was severe. In lake salt market, the slow sales had no evident improvement and players mainly

soda the products to local and neighboring users. About import market, the import volumes in

August decreased largely, but the accumulative volumes increased. It was expected the import

volumes would increase in the coming days. And players expected salt market would behave stable

in the future.

Prevailing prices

Market movement

Region

Price Property RMB/mt

Solar salt

Shandong ex-work 190-210

(excl. tax)

Last month, solar salt market went into autumn salt

harvest period. Solar salt supply was sufficient.

Affected by insipid demands, players felt the

pressures in sales. In Hebei, the sales were steady

relatively and mainly sold to fixed users. In

Shandong, influenced by increased stocks, the

conclusion prices went down slightly. In addition,

players expected solar salt outputs would increase

in the future, so they adjusted the prices to some

degree.

Tianjin ex-work 270

(inc. tax)

Hebei ex-work 210-260

(inc. tax)

NE,China ex-work 260

(inc. tax)

CAUSTIC SODA

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Page 3

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Prevailing prices

Market movement

Region

Price Property RMB/mt

Lake salt

Inner

Mongolia ex-work

230-240

(inc. tax)

Last month, lake salt sales were watery in

NW.China and the goods mainly sold to local

users. The transportation was normal. Limited to

logistics cost, the sales of industrial salt were

limited. Salt manufacturers negotiated the real

conclusion prices according to real demands.

Qinghai ex-work 230-240

(inc. tax)

Xinjiang ex-work 180-220

(inc. tax)

Well salt

Sichuan ex-work 240-280

(inc. tax)

In September, well salt sales were common.

Influenced by solar salt market, well salt market

experienced certain inventory pressures. In

Shandong, well salt players mainly sold the

tonnages to neighboring users. In SW.China and

C.China, players stopped the units or ran the units

with lower rte. In E.China, the prices went down

slightly. In a word, it was expected well salt market

would go down in the future.

Hunan &

Hubei ex-work

190-220

(inc. tax)

Jiangxi ex-work 220-240

(inc. tax)

Jiangsu ex-work 190-210

(inc. tax)

Domestic market

DOMESTIC PRICES OF LIQUID CAUSTIC SODA

Region

Prevailing prices (RMB/ lmt)

Market movement

M-32%: Membrane grade 32% liquid caustic soda

M-32% Four weeks

ago

E.China

650-820

650-820

Caustic soda market behaved steady in E.China and the

prices hovered higher level. In Zhejiang, the prevailing price

was between RMB 750-780/mt FD and RMB 790-820/mt FD

for 30% membrane grade soda and 32% membrane grade

soda respectively. The market deals were normal. In Jiangsu,

the prevailing price of 32% membrane grade soda was

between RMB 650-680/mt ex-work. The real business was

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Page 4

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Region

Prevailing prices (RMB/ lmt)

Market movement

M-32%: Membrane grade 32% liquid caustic soda

M-32% Four weeks

ago

normal. After Youth Olympic Games in Nanjing, local chlor

alkali players increased the operation rate. Downstream

production also turned better slightly. As a whole, caustic soda

market behaved stable in September.

S.China 650-740 650-740

Caustic soda market remained watery in S.China. The prices

hovered at lower level. In Fujian, chlor alkali producers and

traders offered 32% membrane grade soda at RMB

720-770/mt FD and 50% membrane grade soda at RMB

1100-1150/mt FD. The business was common. In Guangdong,

traders offered at RMB 700-730/mt ex-house and RMB

1080-1120/mt ex-house for 32% membrane grade soda and

50% membrane grade soda respectively. The market

behaved sluggish. As a whole, caustic soda market was still

watery in Sep, and most players held wait and see attitude on

the market condition.

N.China 500-570 470-570

Caustic soda market was watery in N.China, and the average

price increased slightly. In Shandong, some players would

carry out the autumn shutdown. In addition, lower-price goods

for alumina industry reduced and the prices increased slowly.

In Shanxi, Tianjin and Hebei, caustic soda prices were stable.

In a word, caustic soda market behaved quiet in September

and prices fluctuated slightly.

NW.China 370-480 380-480

In September, caustic soda market behaved better and the

prices went upwards slowly. In Inner Mongolia, the prevailing

prices were between RMB 1200-1250/mt ex-work and RMB

1250-1350/mt ex-work for 32% membrane grade soda and

48-50% membrane grade soda respectively. In Ningxia, the

prevailing prices were around RMB 1300/mt ex-work and

RMB 1350/mt ex-work for 32% membrane grade soda and

48% membrane grade soda respectively. In NW.China,

caustic soda outputs reduced due to the shutdown, and prices

increased slightly. The real deals were common.

NE.China 750-800 750-800 In September, caustic soda market remained steady tendency

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Page 5

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Region

Prevailing prices (RMB/ lmt)

Market movement

M-32%: Membrane grade 32% liquid caustic soda

M-32% Four weeks

ago

in NE.China. The prevailing price of 30-32% membrane grade

soda was around RMB 700-800/mt ex-work. And the

mainstream price was RMB 1150/mt ex-work and RMB

1290/mt ex-work for 45% membrane grade soda and 50%

membrane grade soda respectively. Local production was

normal. Caustic soda outputs were steady and mainly

supplied to local users. Few goods delivered to S.China for

export. The offtakes were running normally. In a word, caustic

soda market was at dull side in September.

SW.China 610-750 610-750

In SW.China, caustic soda market was common and the

prices fluctuated slightly. In Sichuan, the prevailing prices

were between RMB 1700-1750/mt ex-work and RMB

1850-1900/mt ex-work for 32% membrane grade soda and

50% membrane grade soda respectively. The real business

was common. In Yunnan and Guizhou, the prices declined

slightly. And the prevailing prices were between RMB

2200-2400/mt ex-work and RMB 2250-2450/mt ex-work for

32% membrane grade soda and 50% membrane grade soda

respectively. In SW.China, caustic soda market was watery

and the prices were stable to down.

C.China 540-660 540-660

In C.China, caustic soda market was stable and in prices

remained at dull side. In Hunan and Hubei, caustic soda

prices were unchanged. The prevailing price of 32%

membrane grade soda was between RMB 540-650/mt

ex-work. The market behaved common. In Henan, the

prevailing price of 32% membrane grade soda was between

RMB 1700-1800/mt ex-work, and the prices to alumina

industry was lower. As a whole, caustic soda market behaved

steady and the prices fluctuated slightly in some areas.

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Page 6

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

DOMESTIC PRICES OF FLAKE CAUSTIC SODA

Region Data Prevailing prices (RMB/ mt)

Prevailing prices (RMB/ mt)

96% 99%

S.China Sep 1 – Sep 30 2150-2300 2180-2300

Flake soda market was watery in S.China.

The price of 99% flake soda tonnages from

NW.China was at RMB 2200-2250/mt.

Lower prices were around RMB 2150/mt.

Along with National Holidays coming; local

producers want to stabilize the market. It

was expected flake soda market would

behave stable before holidays.

N.China Sep 1 – Sep 31 1800-1900 1850-2100

Flake soda market was stable in Tianjin.

The prices were RMB 1850-1900/mt

ex-work and RMB 1850-2050/mt ex-work

for 96% flake soda price and 99% flake

soda price respectively. Local flake soda

players ran the units commonly and the real

deals were cold. Along with holidays

coming, it was expected flake soda market

would hard to turn better in the short term.

Domestic Prices of 32% Caustic Soda

(From Jan-1st

2012-September30th 2014)

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Page 7

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Region Data Prevailing prices (RMB/ mt)

Prevailing prices (RMB/ mt)

96% 99%

NW.China Sep 1 – Sep 31 1650-1750 1700-1800

Flake soda market was stable temporarily

in NW.China. In Inner Mongolia, the prices

were RMB 1700-1750/mt ex-work and RMB

1700-1800/mt ex-work for 96% flake soda

and 99% flake soda respectively. In

Ningxia, 99% flake soda price was RMB

1700-1800/mt ex-work. Downstream users

had no strong intention to purchase. The

operation rate was at higher level and the

market supply increased gradually; and

players had no better expectation on the

coming market direction. Expected flake

soda market would progress stable in the

future.

Export market

The liquid caustic soda export market

In September, liquid soda export market behaved quiet and the prices had no evident adjustment. In

the early Sep, some players expressed, the enquiry price increased slightly and the conclusion prices

may reach USD 305-310/mt FOB CMP. But most players still paid more attention to domestic

business or long-term orders. In the late Sep, some players expected domestic caustic soda prices

would go up due to scheduled shutdown, so published higher export prices. In a word, the export

business was watery recently with common demands.

N.China areas: In September, some export players increased the export prices, mainly due to the

limited spot supply. Most players maintained the former offers.

E.China areas: In September, the main export player did not publish export price or carried out the

long-term orders. Special players delivered to original users.

The solid caustic soda export market

In Sep, the export market of solid soda was watery and the real deals were common. In the early

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Page 8

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

September, some players in N.China increased the export offers compared to the end August, but the

deals were limited. In the mid and end Sep, most export suppliers remained the former offers, and

only several players adjusted the prices slightly. Until the end Sep, most players expressed, there

was not positive factors on the coming market.

EXPORT CAUSTIC SODA NOMINATIONS IN AUGUST

Main Harbor Class Low range

USD/MT

Top range

USD/MT Sources from

Tianjin

99% FOB 370 380 Tianjin, Xinjiang Shandong

96% FOB - - Inner Mongolia Tianjin

48%-50% FOB 315 320 Tianjin

Shanghai 99% FOB 360 380

Anhui, Shanghai, Xinjiang, Inner

Mongolia

48%-50% FOB - - Shanghai

Frontier

Trade

Northwest 99% DAF 310 320 Xinjiang

Southwest 96% DAF - - Sichuan Xinjiang

99% DAF - - Sichuan Xinjiang

East 48%-50% FOB 315 320 Jiangsu

Northeast 48%-50% FOB 305 310 Liaoning

Shandong 48%-50% FOB 315 320 Shandong

Shandong 98.5% FOB 370 410 Shandong,

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Page 9

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

CHINA LIQUID CAUSTIC SODA EXPORT IN AUGUST 2014

To Volume Average prices

Tons USD/MT

Hong Kong 321 191

Taiwan 9993 258

Indonesia 6000 146

Canada 19107 303

Australia 83420 282

Malaysia 2599 300

Philippines 3537 303

Other 14000

Total 138,976

All data sourced from CIQ

Note: * Marked information seems to be deviant

Note: Average prices of Export Liquid caustic soda are calculated from General Trade.

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Page 10

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

CHINA SOLID CAUSTIC SODA EXPORTS

Region Country

2014-August Jan- Aug 2014

Volume Average

Volume prices

Tons USD/MT Tons

America

Argentina 800 420 1292

Antilles 79

Barbados 48

Belize 0

Bolivia 75

Brazil 544 354 7469

Canada 22 495 1251

Chile 617 359 5947

Colombia 939 353 3524

Costarica 25 340 77

Cuba 2676

Dominican Republic 363 428 1398

Ecuador 103 348 3275

El Salvador 176

Guatemala 179 489 425

Guyana 25 350 50

Haiti 75 435 390

Honduras 25 400 270

Jamaica 78 434 573

Mexico 140 406 1386

Nicaragua 25 389 50

Panama 25 360 100

Paraguay 27 355 455

Peru 316 357 6801

Puerto Rico 0

Saint Lucia 0

Trinidad and Tobago 24 435 131

United States 2016 465 11004

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Page 11

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Uruguay 26 395 195

Venezuela 117 369 701

Total 6511

Africa

Algeria 97 390 1029

Angola 648 418 2088

Benin 2184 356 3896

Botswana 0

Burkina Faso 54 440 729

Cameroon 850 403 12313

Chad 19 472 38

Congo 2414

Cote d'ivoire 2087 403 19589

Democratic Republic of

Congo 1007 386 2945

Djibouti 416 453 4279

Egypt 88 350 1254

Equatorial Guinea 0

Eritrea 107

Ethiopia 774

Gabon 120 454 264

Gambia 25 520 1456

Ghana 1926 396 12996

Guinea 770 413 3094

Kenya 1603 371 11540

Liberia 345

Libya 25 375 364

Madagascar 321 405 3329

Malawi 10

Mali 150 420 150

Mauritania 50 452 1592

Mauritius 49 346 1236

Morocco 24

Mozambique 619 335 5125

Namibia 1360 431 20612

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Page 12

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Niger 0

Nigeria 2678 378 40779

Rwanda 0

Senegal 644 384 7402

Seychelles 0

Sierra Leone 0

Somalia 52

South Africa 1104 365 10349

Sudan 155 338 7053

Suriname 700

Switzerland 120

Tanzania 2644 371 12189

Togo 486 363 3781

Tunisia 25 346 293

Uganda 104

Zambia 221

Zimbabwe 168 343 623

Total 22371

Europe

Albania 177

Belgium 0

Bulgaria 0

Croatia 0

Cyprus 24

Czech 0

Danmark 0

England 112 458 592

Estonia 27

France 140

Georgia 822

Germany 96

Greece 161

Iceland 0

Ireland 0

Italy 24

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Page 13

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Latvia 0

Lithuania 705

LA REUNION 0

Malta 22 516 46

Moldova 25

Netherlands 98 637 270

Norway 44 267 132

Poland 50

Portugal 276

Rumania 0

Russia 4999 307 22591

Spain 50 368 887

Sweden 0

Switzerland 25

Turkey 604 491 2450

Ukraine 803 403 3600

White Russia 0

Total 6732

Oceania

Australia 397 347 3275

Fiji 0

New Zealand 583 388 1890

New Caledonia 27

Papua New Guinea 72 267 520

Solomon islands 100

Total 1052

Asia

Bahrain 0

Bangladesh 1481 452 14963

Brunei 44

Burma 202 403 298

Cambodia 140 397 559

Hongkong 34 364 211

India 829 318 12153

Indonesia 2625 397 15085

Iran 0

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Page 14

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Iraq 200

Israel 49 428 351

Japan 108 541 610

Jordan 54

Kazakhstan 2438 287 12408

N.Korea 322 427 2316

Kuwait 878

Kyrgyzstan 347 279 698

Lebanon 48 360 100

Macao 0

Malaysia 703 276 5164

Mongolia 45 382 520

Nepal 0

Korea 800 377 6523

Oman 52 360 918

Pakistan 125 528 350

Philippine 2862 389 20697

Qatar 200

Saudi Arabia 1754

Singapore 529 417 7850

Sri Lanka 681 399 3778

Syria 1101

Taiwan 138 462 739

Tajikistan 59

Thailand 1294 311 9311

Turkmenistan 69 310 1324

UAE 360 391 2266

Uzbekistan 1226 272 24015

Vietnam 8686 359 44148

Yemen 44 360 1345

Total 26234

Note: * Marked information seems to be deviant

All data sourced from CIQ

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Page 15

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Downstream market

Industry

Production yield

in August 2014

(10K DMT)

Production yield in

August 2013

(10K DMT)

Growth

yr-on-yr

Alumina 389.7 382.4 1.9%

Chemical Fibre 363.6 350.8 3.6%

Synthetic detergent 100.5 94 6.9%

Forecast (domestic market)

In September, domestic caustic soda market remained at dull side. According to the statistics,

the growth rate of caustic soda outputs slowed down in August, the oversupply condition still

existed. Thanks to watery downstream demands and insipid export market, it was expected

caustic soda market would continue to hover at lower level in October.

CHINESE CAUSTIC SODA PLANTS PRODUCTION NEWS

Producer Status of Caustic Soda Plant

Jiangsu Haixing would postpone to operate

Zaozhuang Zhongke Shutdown and the operation time undecided

Hebei Jinniu Shutdown and the operation time yet to be decided

Inner Mongolia Elion Postpone the operation to October

Shaanxi Beiyuan Finished the shutdown in 10th

September

Xiyang Chlor alkali New units would put into the production in 2015

Baotou Haipingmian Shut down in September for one week

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Page 16

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Domestic market

In Sept., domestic soda ash markets showed a fluctuated downward trend, with different drops in the

prices for both light and dense soda ash. The overall market was dominated by an obviously increased

supply and continuously sluggish downstream demand, which directly affected the average price level. As

for the market supply, with the gradual conclusion of maintenance in N.China and C.China, etc, the overall

supply volume was stably increased. In terms of the actual demand, though has entered the traditional

peak season, refrained by weak downstream industry, buying interests remained pretty sluggish. Thus,

some price rises were rejected by most buyers, making the market competition fiercer. To gauge the risk of

excessive stock, a number of producers focused more on product sales, leading a wave of inevitable price

downturns. Generally speaking, it is predicted that domestic market would be far from optimistic.

Region

Average price

market movement

Forecast L-Soda

RMB/mt

D-Soda

RMB/mt

Sept four

weeks ago

Sept four

weeks ago

L D

E.China 1515 1515 1500 1550

In Sept., local soda ash market experienced an

obviously downward trend, with the previous

high-end prices being hard to find. As a number

of plants resumed operation from maintenance,

previous supply shortages were hard to find any

longer. By the end of last month, the

mainstream prices for local light soda ash were

priced at RMB1400-1500/t EXW. The prevailing

price for dense soda ash was offered at around

RMB1500-1550/t FD.

↗ ↘

SODA ASH

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Page 17

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Region

Average price

market movement

Forecast L-Soda

RMB/mt

D-Soda

RMB/mt

Sept four

weeks ago

Sept four

weeks ago

L D

S.China 1580 1605 1625 1640

In S.China, soda ash market experienced some

limited price fluctuations. With the gradual

maintenance conclusion among many plants,

and impacted by low-priced goods arrived from

other places, local average transaction values

declined by a small margin. However,

considering the insufficient stock, the range was

quite limited. By the end of last month, the

prevailing prices for local light soda ash were

offered at about RMB1550-1600/t EXW, and

local dense soda ash was kept at about

RMB1600-1650/t FD.

N.China 1455 1475 1565 1590

Soda ash market showed a slightly fluctuated

trend in N.China, with the average transaction

values moving downward to some extent. By

the end of last month, the mainstream prices for

light and dense soda ash in N.China were

pegged at about RMB1350-1450/t and

RMB1500-1550/t FD. In order to reduce stock

pressure, most transactions were concluded at

a flexible transaction value level.

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Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Region

Average price

market movement

Forecast L-Soda

RMB/mt

D-Soda

RMB/mt

Sept four

weeks ago

Sept four

weeks ago

L D

NE.China 1550 1550 1700 1700

In NE.China, local market remained a stably

downward one, with some transaction values

moving down by a small margin. Due to an

increasing downstream stock level and limited

consumption capacity, most local plants were

facing great stock pressure, leading a slightly

declining average price level. it is predicted that

local market would continue the current trend.

At present, the prevailing prices for local light

and dense soda ash stand at about RMB1600/t

FD and RMB1700-1750/t FD respectively.

SW.China 1400 1400 1550 1550

In Sept., soda ash market emerged a gloomy

tendency in SW.China, with the average offers

being at a low level. By the end of last month,

the prices for light and dense soda ash in

SW.China stood at RMB1350/t EXW and

RMB1550/t EXW. Impacted by a large quantity

of low-priced goods arrived from other regions,

it is predicted that local market would be hard to

see any improvement.

C.China 1350 1380 1450 1500

In Sept., soda ash market presented a sluggish

one, with the average transaction values

continuing to drop. Due to a pretty sufficient

supply and a weak downstream demand,

producers were running under great sales

pressure. By the end of last month, the

prevailing prices for light and dense soda ash

were at RMB1350-1400/t EXW and

RMB1450-1500/t FD.

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Page 19

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Region

Average price

market movement

Forecast L-Soda

RMB/mt

D-Soda

RMB/mt

Sept four

weeks ago

Sept four

weeks ago

L D

NW.China 1225 1225 1225 1275

The NW.China ash market presented a floppy

one, with some slight price fluctuations. Up to

now, in Qinghai, the mainstream prices are at

RMB1000-1060/t EXW, with the actual

transaction values moving downwards. The

prevailing prices for light and dense soda ash in

Shaanxi stand at around RMB1350-1400/t and

RMB1500/t respectively. And in Xinjiang, the

prevailing prices for light soda ash were pegged

at about RMB1200/t EXW. Considering the

relatively low price trend, there would be limited

room for any profit.

Note: 1 L-Soda: Light soda D-Soda: Dense soda

2 →: stable, ↗:slight increase, ↘: slight drop, ↑: sharp increase, ↓: sharp drop

Soda ash price monitoring

LIGHT SODA ASH

E.China S.China N.China NE.China SW.China C.China NW.China

Sept. 5 RMB/mt 1430-1600 1580-1630 1450-1500 1500-1600 1350-1450 1330-1430 1150-1300

Sept.12 RMB/mt 1400-1600 1580-1630 1450-1500 1500-1600 1350-1450 1300-1430 1150-1300

Sept. 19 RMB/mt 1350-1550 1580-1630 1350-1550 1500-1600 1300-1400 1300-1400 1150-1300

Sept. 26 RMB/mt 1350-1550 1550-1600 1380-1480 1500-1600 1300-1400 1300-1400 1150-1300

DENSE SODA ASH

E.China S.China N.China NE.China SW.China C.China NW.China

Sept. 5 RMB/mt 1500-1600 1600-1680 1530-1600 1600-1700 1500-1600 1450-1550 1150-1300

Sept.12 RMB/mt 1500-1600 1600-1680 1530-1600 1600-1700 1500-1600 1450-1550 1150-1300

Sept. 19 RMB/mt 1500-1600 1600-1680 1500-1600 1600-1700 1500-1600 1450-1550 1150-1300

Sept. 26 RMB/mt 1450-1550 1600-1650 1500-1550 1600-1700 1500-1600 1400-1500 1150-1300

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Page 20

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

(Average price of soda ash from 1st

Jan, 2010 to 30th Aug, 2014)

Export Date

CHINESE SODA ASH EXPORTS

To 14-Aug 14-Jul Jan-Dec 12

Tons Tons Tons

S. Korea 25661.52 31899.25 247842.76

Vietnam 15420.74 24719.82 217648.18

Thailand 17314.5 23416 207558.76

Bangladesh 29309.88 16810.84 120291.99

Philippines 15771 11950.1 107241.67

Japan 6040.5 2597.8 68676.14

Malaysia 2362.5 1397.4 68127.14

Nigeria 4125 6485 45686.25

Indonesia 14801.25 20811 257096.17

Taiwan 4162 3918.03 49380.968

Guatemala - - 3765.63

Korea 4211.82 4561.335 35348.205

India 9814.8 5995.6 106393.684

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Page 21

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

S. Africa 197 231 8747.887

Tanzania 944.6 882 6516.48

Others 12850.229 15593.098 158360

Total 162987.34 171268.273 1,714,500

CHINESE SODA ASH EXPORTS

CHINA SODA ASH* EXPORTS IN AUG , 2014

Trade mode Volume Sum Average prices

Tons USD USD/MT

General Trade 161740.939

520

694.3

35373785 260

Frontier Small Trade 122178 248

Bonded Warehouse 161160 225

Total 162955.24

All data sourced from CIQ

CHINESE SODA ASH EXPORTS TO KEY REGIONS

2014-AUG

Volume, MT Average price, USD/MT

S. Korea 25661.52 216

Thailand 17314.5 216

Indonesia 14801.25 211

Vietnam 15420.74 223

Japan 6040.5 232

Malaysia 2362.5 221

Korea 4211.82 230

Nigeria 4125 219

Philippines 115771 215

Taiwan 4162 223

Others 53116.509

Total 262987.34

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Page 22

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

CHINESE DOMESTIC PRICES

E.China S.China N.China NE.China SW.China C.China NW.China

September 3 RMB/mt 100-350 50-300 50-250 230-400 100-300 100-300 10-150

September 10 RMB/mt 100-350 50-300 50-250 230-400 100-300 100-300 10-150

September 17 RMB/mt 100-350 50-300 50-250 230-400 100-300 100-300 10-150

September 24 RMB/mt 100-350 50-300 50-250 230-400 100-300 100-300 10-150

CHLORINE DOMESTIC PRICES

E.China S.China N.China NE.China SW.China C.China NW.China

September 3 RMB/mt 500-800 500-900 600-800 350-1000 400-1200 500-900 50-600

September 10 RMB/mt 500-800 500-900 600-900 350-1000 400-1200 500-900 50-600

September 17 RMB/mt 500-800 450-900 600-1000 350-1000 400-1200 500-900 50-600

September 24 RMB/mt 500-800 450-900 600-1000 400-1000 400-1200 500-900 50-600

Downstream Sectors

Products Company name Operation rate

Epoxy chloropropane

Sinopec Qilu Petrochemical --

Jiangsu Yangnong 50%

Shandong Bohui 100%

Jiangsu Haixing Shutdown

Huaxiang Chemical --

Zhonghai Fine --

Tianjin Chemical --

Hydrochloric acid

CHLORINE

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Page 23

Lily Wang +861064335599-637 [email protected]

ISSUE NUMBER: 075 October 2014

Products Company name Operation rate

Jiangsu Anpon --

Dongying Hebang --

Chlorinated methane

Company name Operation rate

Jiangsu Meilan 60%

Zhejiang Juhua 70%

Jiangsu Liwen 100%

Chongqing Tianyuan ---

Shandong Haihua 80%

Shandong Jinling 100%

Luxi Chemical 90%

Zigong Honghe 0

Subscription: Miss.Lily:[email protected] Skype: lilyccaon

Tel: 0086-10-64384105 Fax: 0086-10-64380147

Address: Room 701-1,B Building Fairmont Tower, No 33 Guangshun

North Street, Chaoyang District, Beijing Post Code:100102