BEIJING, May 19 (Xinhua) -- Chinese export prices of soda ash rose
substantially to 224.5 U.S. dollars per tonne on average in the first quarter,
up 41.7 percent over the same period last year, according to customs statistics.
China exported 467,000 tonnes of soda ash in the first three months, up 4.1
percent year-on-year. But the total value surged 47.5 percent to 100 million
U.S. dollars.
The average export prices gained 46 percent from 158.9 U.S. dollars per
tonne last May over months to 231.8 U.S. dollars in March.
Export to Association of Southeast Asian Nations (ASEAN) hit 258,000
tonnes, taking up more than half of the total volume, as ASEAN demand for
chemical products kept increasing on its growing manufacturing capacity and
consumption, analysts said.
The stronger bargaining power of China in international market was behind
the major price rise, analysts said, as China and the United States, the two
major soda ash exporters, developed different market priorities. As the U.S.
focused more on exporting its natural soda ash to the European and American
markets, China has gradually had an increasingly leading role in the Asian
market.
At the same time, production costs have continued to rise as crude oil
prices hit historical highs, which has also pushed up prices, analysts said.
A customs officer warned that the domestic manufacturing capacity has
already become stretched by the expanding construction and chemical industries
in China, and many domestic manufacturers are running at full capacity.