Price trend

According to the commodity analysis system of SunSirs, the price of flake caustic soda had been consolidating this week. At the beginning of the week, the average market price in Shandong was 3,300 RMB/ton, and on the weekend it was 3,316.67 RMB/ton, with a price increase of 0.51% and a decrease of 29.93% compared to the same period last year.

According to the price monitoring of SunSirs, in the 5th week of 2024 (1.29-2.2), there was 1 commodity that rose, 5 commodities that fell, and 1 commodity that rose or fell to 0 on the chlor alkali industry price list. The main rising commodities included: flake caustic soda (0.51%); The main commodities falling include hydrochloric acid (-5.41%), light soda ash (-0.42%), and caustic soda (-0.26%). The average increase and decrease this week was -0.82%.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had been consolidating this week, with an average market price of 784 RMB/ton at the beginning of the week and 782 RMB/ton at the end of the week. The price has decreased by 0.26%, a decrease of 28.78% compared to the same period last year. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 730-800 RMB/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Jiangsu region was temporarily stable, with a mainstream market price of around 800-860 RMB/ton for 32% ion exchange membrane caustic soda.

Market outlook

SunSirs’ analysts believe that the price trend of caustic soda had consolidated this week, and downstream Spring Festival stocking was more on demand. From a supply and demand perspective, the price of caustic soda may be consolidated in the short term, depending on downstream market demand.

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