Price trend

According to monitoring data from SunSirs, caustic soda prices declined in December. At the beginning of the month, the average market price in Shandong was 1,021 RMB/ton, and at the end of the month, the average market price in Shandong was around 827 RMB/ton. The overall price decreased by 19%, and the price increased by 3.63% compared to the same period last year.

On December 30th, the Business Social Chemical Index was 823 points, a decrease of 1 point from ,, a decrease of 41.21% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 37.63% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

Analysis review

According to survey data from SunSirs, the overall price of caustic soda has declined this month. The price of caustic soda in Jiangsu region was temporarily stable, with a mainstream market price of around 900-960 RMB/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 780-850 RMB/ton for 32% ion exchange membrane alkali. Local prices in Shandong remained stable and wait-and-see, while overall supply from enterprises was sufficient. Downstream alumina exhibited narrow fluctuations, with demand driven purchasing trends.

According to the price monitoring of SunSirs, in the 52nd week of 2024 (12.23-12.27), there were 0 products that rose, 2 products that fell, and 4 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline were caustic soda (-5.30%) and PVC (-0.20%). The average increase or decrease this week was -0.92%.

Market outlook

SunSirs’ analysts believe that caustic soda prices have been consolidating recently. The price of caustic soda was in a stable operating trend, with sufficient inventory in some areas. Downstream demand was average. It is expected that caustic soda will maintain a consolidating market in the later stage, depending on downstream market demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.