Price trend

According to the Commodity Analysis System of SunSirs, the price of flake caustic soda was weaker this week, with an average market price of 3,583.33 RMB/ton at the beginning of the week and 3,550 RMB/ton at the weekend. The price decreased by 0.93%, and a year-on-year decrease of 14.46%.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had risen this week. At the beginning of the week, the average market price in Shandong was 866 RMB/ton, and on the weekend, the average market price in Shandong was 894 RMB/ton, with a price increase of 3.23% and a decrease of 24.37% compared to the same period last year. On the 7th, the average market price in Shandong was around 850-930 RMB/ton. The mainstream factory quotation for 32% liquid alkali in Hebei region was around 930-1,030 RMB/ton.

Market outlook

Analysts from SunSirs believe that the focus of the flake caustic soda market shifted downwards this week, and the trading atmosphere in the market was average. The market shipping prices were relatively flexible, and the overall shipment was average. Downstream demand maintained a lukewarm and tepid state recently, and purchasing enthusiasm was average. Overall, the price of flake caustic soda may consolidate in the short term, depending on downstream market demand.

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