UBS raised its PT on Berkshire Hathaway to $585 from $570.

Futures were weak Tuesday as soda ash slid to fresh intraday lows. Last week regulators added soda ash to the list of high-energy industries subject to mandatory environmental and energy-emissions inspections, a move that will speed removal of obsolete capacity over the medium-to-long term. With inspections likely to run about three months, concentrated cuts or shutdowns are unlikely near term, limiting immediate policy support for prices. Spot prices fell 30–50 yuan/ton across North, Central and East China; Shahe heavy soda self-pickup quoted 1,010 yuan/ton, down 14 yuan/ton day-on-day. Industry operating rate rose to 81.26%, up 0.22 percentage points d/d, as large plants in Hubei and Jiangsu completed maintenance; Inner Mongolia units showed load and output fluctuations but supply remains ample. Downstream demand is weak—PV glass lines face further idling—so procurement is unlikely to underpin the market. Monitor soda ash operating rates, downstream capacity changes, supply-side newsflow and environmental inspection developments.

Refinitiv sources say ARAMCO is considering adjusting official selling prices to reflect higher freight costs for Asia-bound cargoes loaded at Egypt's Sidi Kerir port.