Price trend

According to the Commodity Analysis System of SunSirs, the price of caustic soda had rebounded after stopping its decline. On July 1st, the average market price in Shandong was around 794 RMB/ton, and on July 3rd, the average market price was 800 RMB/ton, with a price increase of 0.76%.

Analysis review

According to the commodity analysis system of SunSirs, the maintenance of equipment in the Shandong region had boosted the downstream market mentality and increased the enthusiasm for downstream procurement. The price of caustic soda in Hubei region was temporarily stable, with a mainstream market price of around 970-1,050 RMB/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Shandong region had slightly increased, with a mainstream market price of around 760-850 RMB/ton for 32% ion exchange membrane caustic soda. The mainstream transaction in Jiangsu region was around 860-940 RMB/ton.

According to the price monitoring of SunSirs, in the 26th week of 2024 (6.24-6.28), there were 0 products that rose, 2 products that fell, and 5 products that rose or fell to 0 in the chlor alkali industry price list. The main commodities falling were PVC (-1.59%) and caustic soda (-0.25%). The average increase and decrease this week was -0.26%.

Market outlook

Analysts from SunSirs believe that in recent times, the price of caustic soda had stopped falling and rebounded. Some liquid alkali enterprises in Shandong had low inventory and decent shipments. Downstream demand for alumina was slightly better than in the previous period, supply and demand gamed. Overall, it is expected that caustic soda will maintain a stable and upward trend in the later stage, depending on downstream market demand.

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