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Soda ash industry has rebounded at the bottom

wallpapers News 2020-10-27

soda ash industry has rebounded at the bottom. Due to the decline of soda ash price, the company's soda ash business has declined significantly since this year. The gross profit margin of the first three quarters was 17.82%, a sharp decrease of 23.02 percentage points compared with the same period of last year. However, in September, due to the support of ammonia soda process cost the recovery of downstream dem, the price of soda ash rebounded at the bottom. Taking East China Light Soda ash as an example, the price rose from 1215 yuan / ton at the bottom to 1500 yuan / ton, an increase of nearly 300 yuan. The price elasticity of the company's combined soda is huge. The price of soda ash or ammonium chloride increases by 100 yuan, eps0.2 yuan will be increased. The recovery of soda ash price will form a certain support for the performance of the fourth quarter even the whole year.


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TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.