May 12 News – On May 11, China's soda ash inventories stood at 1,868,200 tonnes, comprising 986,000 tonnes of light soda ash and 882,200 tonnes of dense soda ash.

Chempricehub Analysis of Soda Ash
Bull/Bear Score: -1

Spot Market: As of May 11, total domestic soda ash inventories reached 1,868,200 tonnes, indicating a relatively high inventory level. The resulting supply-side pressure exerted a moderately bearish influence on spot prices.

Futures Market: On May 11, 2026, the main ZCE soda ash contract (2609) closed at RMB 1,227 per tonne, down RMB 23 per tonne from the previous trading day. Trading volume reached 854,078 lots, while open interest surged by 41,692 lots, with a notable increase in short-side positions. The futures price is under short-term downward pressure.