SunSirs: This Week, Flake Caustic Soda Prices Had Been Consolidating (July 8-12)
July 15 2024 11:06:48 SunSirs (John)
Price trend
According to the commodity analysis system of SunSirs, the price of flake caustic soda had been consolidating this week, with an average market price of 3,000 RMB/ton from the beginning of the week to the weekend, an increase of 6.02% compared to the same period last year.
On July 11th, the chemical index was 886 points, unchanged from the previous day, a decrease of 36.71% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 48.16% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)
Upstream caustic soda
According to the commodity analysis system of SunSirs, the price of caustic soda had increased. At the beginning of the week, the average market price in Shandong was around 814 RMB/ton, and over the weekend it was 816 RMB/ton, with a price increase of 0.25% and a year-on-year increase of 4.62%. The price of caustic soda in Shandong region had slightly increased, with the mainstream market price of 32% ion exchange membrane alkali ranging from 790 to 860 RMB/ton, and most enterprises raising it by 10-20 RMB/ton. The mainstream transaction price in Jiangsu region was around 860-940 RMB/ton.
Market outlook
SunSirs’ analysts believe that the price of flake caustic soda had been consolidating this week, with traders actively shipping. However, downstream alumina mostly purchased on demand, and the supply and demand gamed. Overall, the price of caustic soda may maintain a consolidating trend in the short term, depending on downstream market demand.
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