SunSirs: The Caustic Soda Price Was Consolidating This week (December 5-9)
December 14 2022 14:23:26 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the price of caustic soda was temporarily stable this week. At the beginning of the week, the average market price in Shandong was 1,104 RMB/ton, and at the weekend, the average market price in Shandong was 1,108 RMB/ton. The price rose 0.36%, and 41.15% higher than the same period last year.
On December 11, the caustic soda commodity index was 159.42, unchanged from the previous day, down 39.95% from the highest point of 265.47 points (2021-10-27) in the cycle, and up 144.85% from the lowest point of 65.11 points on October 9, 2020. (Note: Period refers to 2011-09-01 to now)
Analysis review
According to the survey data of SunSirs, the domestic caustic soda price was temporarily stable this week. The average market price in Shandong was about 1,070-1,180 RMB/ton. The factory quotation of 32% liquid caustic soda mainstream in Hebei was about 1,100-1,200 RMB/ton. The price of caustic soda in the market was in a stalemate, and the market turnover was average recently. However, the downstream market was mainly wait-and-see, and more cautious purchasing. However, due to the close of the New Year, there are downstream enterprises to stock up, which supports the price of caustic soda.
According to the price monitoring of SunSirs, there were 2 kinds of rising commodities, 3 kinds of falling commodities, and 0 kind of zero rising or falling commodities in the list of prices of chlor alkali industry in the 49th week of 2022 (12.5-12.9). The main commodities that rose were caustic soda (0.36%) and light soda ash (0.08%); The main commodities falling were hydrochloric acid (-2.25%), calcium carbide (-0.44%) and PVC (-0.14%). The average rise and fall this week was -0.48%.
Market outlook
Analysts from SunSirs believe that recently, the price of caustic soda was in a stalemate, the downstream alumina procurement demand was general, the procurement mood was not high, mainly wait-and-see, the procurement was cautious. It is estimated that caustic soda will be sorted out next week, depending on the downstream market demand.
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