Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda has remained stable this week. The average market price from the beginning of the week to the weekend was 1,015 RMB/ton, a year-on-year increase of 29.8%.

On February 13th, the SunSirs’ Chemical Index was 842 points, an increase of 2 points from the previous day, a decrease of 39.86% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 40.80% 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 the commodity analysis system of SunSirs, the price of caustic soda has remained stable with small fluctuations this week. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 990-1,040 RMB/ton for 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region was stable, with a mainstream market price of around 1,050-1,100 RMB/ton for 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region was temporarily stable, with a mainstream market price of around 2,900-3,000 RMB/ton (converted to 100%) for 32% ion-exchange membrane alkali. This week, the overall price of caustic soda remained stable with small fluctuations, and the market inventory accumulated. Downstream alumina companies were observing the market situation and were resistant to high priced caustic soda.

Market outlook

SunSirs’ analysts believe that recently, the price of caustic soda had been temporarily stable, market inventory has accumulated and downstream demand has been average. The supply and demand gamed. Overall, it is expected that caustic soda will maintain a consolidating market in the later stage, depending on downstream market demand.

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