SunSirs: The Price of Caustic Soda Was Temporarily Stable This Week (September 16-20)
September 24 2024 10:58:38 SunSirs (John)
Price trend
According to the commodity analysis system of SunSirs, the price of caustic soda had remained stable this week. The average market price from the beginning of the week to the weekend was around 833 RMB/ton, an increase of 15.35% compared to last year.
On September 19th, the chemical index was 842 points, unchanged from the prevuous day, a decrease of 39.86% from the highest point of 1,400 points during the cycle (October 23, 2021), and an increase of 40.80% from the lowest point of 598 points on April 8, 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 consolidating this week. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 780-880 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 820-900 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 2,300-2,350 RMB/ton (converted to 100%) for 32% ion-exchange membrane alkali. This week, caustic soda maintained a reasonable inventory, with downstream purchases mainly based on demand.
According to the price monitoring of SunSirs, in the 37th week of 2024 (9.9-9.13), there were 0 products that rose, 3 products that fell, and 3 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline were baking soda (2.22%), PVC (0.80%), and calcium carbide (0.63%). The average increase or decrease this week was -0.61%.
Market outlook
SunSirs’ analysts believe that recently, the price of caustic soda has been consolidating and the inventory of caustic soda has remained stable. Downstream consumers were mainly cautious and watching, and the overall supply and demand game is expected to maintain the consolidation of caustic soda prices in the later stage, depending on downstream market demand.
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