Price trend

According to the commodity analysis system of SunSirs, the price of flake caustic soda was consolidating this week. On November 22, the average market price in Shandong was 3,673.33 RMB/ton, and on November 29, the average market price was 3,683.33 RMB/ton, with a price increase of 0.27% and a 23% decrease compared to the same period last year.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the prices of caustic soda were consolidating this week, and the quotations for caustic soda in Shandong region were consolidating. The mainstream market quotation for 32% ion exchange membrane caustic soda was around 810-850 RMB/ton. This week, the overall price of caustic soda had remained stable with minor fluctuations, and the production of caustic soda had increased. Downstream purchases were still mainly on demand, and the purchasing enthusiasm was average.

Market outlook

SunSirs’ analysts believe that the price of caustic soda stabilized this week, and the actual trading atmosphere had weakened compared to the previous period. Downstream market entry enthusiasm was cautious. The supply-demand gamed. Overall, the price of flake caustic soda may be consolidating in the short term, depending on downstream market demand.

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