Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda has declined this week. On February 27th, the average market price of caustic soda was 942 RMB/ton, a year-on-year increase of 20.46% compared to last year.

On February 26th, the SunSirs’ Chemical Index was 846 points, an increase of 2 points from the previous day, a decrease of 39.57% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 41.47% 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 caustic soda market has been weak this week. The price of caustic soda in Shandong region was around 890-980 RMB/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region was stable, and the mainstream market price of 32% ion-exchange membrane alkali was around 950-1,050 RMB/ton. The price of caustic soda in Inner Mongolia region was temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali was around 3,100-3,200 RMB/ton (converted to 100). This week, the overall price of caustic soda has been weak, with downstream resistance and market inventory accumulation due to price increases. Downstream alumina companies are mostly wait-and-see. It is expected that the price of caustic soda will be a weak operating market.

Market outlook

SunSirs’ analysts believe that recently, the price of caustic soda has been weak due to the accumulation of market inventory and average downstream demand. Supply and demand gamed. It is expected that caustic soda will maintain a consolidating market in the later stage, depending on downstream market demand.

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