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  "notes": "Includes a disclaimer about the source of the data and the methodology behind the pricing differences.",
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      "text": "Evercore note: Page provided by SIRE management to support management's view on projected soda ash prices",
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      "text": "Domestic Soda Ash Prices ($/Metric Ton)",
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      "text": "Source: SIRE management forecasts, IHS Markit",
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      "text": "IHS vs Mgmt. Forecast Difference in View: 2024 Prices for SWY remain flat, as compared to IHS growth of 5.6%, as a result of SWY prices growing faster in 2022 - 2023 than IHS and normalizing in the following year. 2025 - 2028 projections no changes in SWY pricing, as compared to IHS YoY price changes",
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      "text": "IHS vs Actuals Reporting Differential: Since 2015, IHS historical and forecasted domestic soda ash prices have consistently been higher than SWY realized and forecasted as a result of differences in logistics costs",
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      "text": "There has been a historical difference in how IHS and actual pricing is reported; there is also a difference in forecast viewpoint which we have tried to express in the table below; SIRE management does not rely on IHS forecasts for budgeting purposes; SIRE management's long-term forecasts utilize contracting activity, client discussions and detailed market analysis",
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