Price trend

According to the commodity analysis system of SunSirs , the price of caustic soda has declined this week. The average market price at the beginning of the week was 976 RMB/ton, and the average market price over the weekend was 936 RMB/ton, a decrease of 4.1% and a year-on-year increase of 19.69%.

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 of Market Factors

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 sufficient market supply and accumulated inventory. Downstream alumina production was basically stable, with stable demand, and they were more cautious about the caustic soda market. It is expected that the price of caustic soda will operate weakly.

Market outlook

SunSirs’ analysts believe that in recent times, caustic soda prices have been weak, market inventories have accumulated, downstream demand was average, and there was a supply-demand game. It is expected that caustic soda will maintain a consolidating market in the later stage, depending on downstream market demand.

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