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 3,137.5 RMB/ton at the beginning of the week. On July 10th, the average market price was around 3,087.5 RMB/ton, a price drop of 1.59%, a year-on-year decrease of 35.23%. The flake caustic soda market maintained a weaker trend this week.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda was weaker overall this week. At the beginning of the week, the average market price in Shandong was 792 RMB/ton. On July 10th, the average market price in Shandong was 780 RMB/ton, a decrease of 1.52%, and a decrease of 36.27% compared to the same period last year. As of July 10, the average market price in Shandong region was around 690-800 RMB/ton. The mainstream factory quotation for 32% liquid caustic soda in Hebei region was around 720-900 RMB/ton. This week, the overall price of caustic soda declined, and although there were equipment maintenance by caustic soda enterprises, the overall effectiveness were average. The short-term demand of downstream alumina was average, with more purchases made on demand. Under the game of supply and demand, the price of caustic soda maintained a weak operating trend.

Market outlook

Analysts from SunSirs believe that the flake caustic soda market was operating in a weaker state this week, and the market trading atmosphere was average. Downstream demand recently was procured on demand, with average enthusiasm for procurement. The factory quotation of flake caustic soda in the northwest region was lowered, and market participants had a certain bearish sentiment towards the future. Overall, the price of caustic soda may be weak in the short term, depending on downstream market demand.

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