SunSirs: The Caustic Soda Price Was Consolidated on November 12th
November 13 2024 09:11:52 SunSirs (John )
Price trend
According to monitoring data from SunSirs, the price of caustic soda stabilized on November 12th. On November 12th, the average price of caustic soda in the Shandong region was 1,022 RMB/ton, a decrease of 1.45% from November 1st.
Analysis review
According to the survey data from SunSirs, the price of caustic soda has been consolidating and operating. The price of caustic soda in Jiangsu region was temporarily stable, with a mainstream market price of around 1,020-1,080 RMB/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 990-1,060 RMB/ton for 32% ion exchange membrane alkali.
Since October, with the support of equipment maintenance and load reduction in the early stage of caustic soda production in the East China region, the spot price of liquid caustic soda in the region had increased. From the perspective of enterprise inventory, the inventory of caustic soda plants was low. Downstream demand expected to see a stable to stronger trend in domestic alumina prices in the short term, with good demand for caustic soda, driving up caustic soda prices. However, looking at the Shandong region in November, the gradual restoration of maintenance facilities led to a relatively abundant supply. And with the price increase, downstream caustic soda was resistant to caustic soda prices, and caustic soda prices tended to run steadily.
Market outlook
SunSirs’ analysts believe that in the near future, caustic soda maintenance companies were gradually resuming production, supply was becoming increasingly abundant, and downstream companies were adopting a cautious and wait-and-see attitude towards the price increase of caustic soda. Overall, it is expected that the caustic soda will mainly consolidate in the later stage, depending on downstream market demand.
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