Price trend

According to the Commodity Analysis System of SunSirs, the price of flake caustic soda had stabilized this week. At the beginning of the week, the average market price in Shandong was 3,653.33 RMB/ton, and on the weekend, the average market price was 3,656.67 RMB/ton, with a price increase of 0.09% and a decrease of 23.29% compared to the same period last year.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had temporarily stabilized this week, with an average market price of 836 RMB/ton in Shandong from the beginning of the week to the weekend, a decrease of 23.72% compared to the same period last year. This week, the overall price of caustic soda had remained stable with minor fluctuations, and the overall inventory of caustic soda had maintained a reasonable level. Downstream procurement was still mainly on demand, and the purchasing enthusiasm was average.

Market outlook

Analysts from SunSirs believe that the price of flake caustic soda had stabilized this week, and downstream demand had been on the sidelines recently. The supply and demand gamed. Overall, the price of flake caustic soda may maintain consolidation at a high level of in the short term, depending on downstream market demand.

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