Soda Ash

Since October 26, GHCL shares have surged 37 per cent after the company reported resilient September quarter performance despite challenging global market conditions and higher imports into India

Analysts at Kotak Institutional Equities see this as an incremental negative for soda ash prices, though uncertainties remain around demand and supply and will need to be monitored

Analysts believe that prices and demand will remain stable in the near term while increase in energy prices and feedstock (limestone, coke and raw salt) remains a key concern.

The firm was helped by a rebound in soda ash volumes in the US and India.

In a letter to US Trade Representative, Robert Lighthizer, the Senators said that thousands of US jobs rely on the soda ash industry and keeping tariffs low will help US workers and economy nationwide

Import protection helps soda ash industry