Price trend

According to monitoring data from SunSirs, the price of caustic soda was relatively strong on January 21st. On January 21st, the average price of caustic soda in the Shandong region was 985 RMB/ton, an increase of 19.11% compared to January 1st.

Analysis review

According to survey data from SunSirs, the price of caustic soda tended to be stronger in the operating market. The price of caustic soda in Jiangsu region was temporarily stable, with a mainstream market price of around 980-1,050 RMB/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region was relatively strong, with a mainstream market price of around 930-1,030 RMB/ton for 32% ion exchange membrane alkali. The overall operation of the liquid alkali market in Shandong was relatively strong, and the overall inventory was still not high. The tight supply situation in the market has led to an increase in caustic soda prices, and the export business has entered a period of explosive growth. Downstream demand was approaching the Spring Festival, but it was still relatively positive.

On January 20th, the SunSirs Chemical Index was 837 points, unchanged from the previous day, a decrease of 40.21% from the highest point of 1,400 points during the cycle (October 23, 2021), and an increase of 39.97% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

Market outlook

SunSirs’ analysts believe that recently, the price of caustic soda has been stronger, with low inventory in some areas, downstream demand was positive. Overall, it is expected that caustic soda will maintain a strong operating trend after the Spring Festival, depending on downstream market demand.

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