Price trend

According to the Commodity Analysis System of SunSirs, the price of flake caustic soda had slightly increased this week. At the beginning of the week, the average market price was 3,262.5 RMB/ton, while on the weekend, the average market price was 3,287.5 RMB/ton, with a price increase of 0.77% and a year-on-year decrease of 26.4%. The market maintained an upward trend this week.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had stabilized this week. At the beginning of the week, the average market price in Shandong was 737.4 RMB/ton, and on the weekend, the average market price in Shandong was 742 RMB/ton, with a price increase of 0.62% and a decrease of 31.3% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the overall price of flake caustic soda had increased this week, and the supply of parking and maintenance services by manufacturers in the northwest region had decreased. However, the actual downstream demand had recently been purchased on demand, and the purchasing enthusiasm was average. The supply and demand game, whether the price can rise in the later stage depends on the market transaction situation. Overall, the price of caustic soda may maintain consolidating in the short term, depending on downstream market demand.

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