SunSirs: The Price of Caustic Soda Had Increased This Week (September 2-6)
September 09 2024 14:25:07 SunSirs (John)
Price trend
According to the commodity analysis system of SunSirs, the price of caustic soda haD increased this week. The average market price at the beginning of the week was 831 RMB/ton, and the average market price over the weekend was around 833 RMB/ton, with a price increase of 0.24% and a year-on-year increase of 4.26%.
On September 5th, the chemical index was 851 points, unchanged from the previous day, a decrease of 39.21% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 42.31% 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 had been rising this week. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 810-860 RMB/ton for 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region was temporarily stable, with a mainstream market price of around 880-950 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 2,300-23,50 RMB/ton (converted to 100%) for 32% ion-exchange membrane alkali. This week, the inventory of caustic soda was low, and the willingness to purchase had increased.
According to the price monitoring of SunSirs, in the 35th week of 2024 (August 26-8.30), there was a total of 1 commodity that rose, 3 commodities that fell, and 2 commodities with zero rise and fall in the chlor alkali industry price list. The main commodities experiencing an increase were: caustic soda (2.60%); The main commodities experiencing a decline were: calcium carbide (-1.25%), baking soda (-0.69%), and PVC (-0.19%). The average increase or decrease this week was 0.08%.
Market outlook
SunSirs’ analysts believe that recently, the price of caustic soda has risen and the inventory in Shandong region has remained relatively low. Coupled with the upward trend of some downstream purchasing intentions, next week there will be a slight increase in supply in Shandong, but the increase in downstream demand is not significant. Except for alumina, other demand is average. 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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