SunSirs: The Price of Caustic Soda Was Consolidating on November 27th
November 28 2024 09:23:06 SunSirs (John)
Price trend
According to monitoring data from SunSirs, the price of caustic soda stabilized on November 27th. On November 27th, the average price of caustic soda in the Shandong region was 1,021 RMB/ton, a decrease of 1.54% 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 1,000-1,080 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. Local prices in Shandong remained stable and wait-and-see, while overall inventory levels of enterprises were low. In the short term, domestic alumina prices continued to show a stronger trend, and demand for caustic soda was still acceptable, maintaining the price trend of caustic soda.
On November 26th, the chemical index was 846 points, a decrease of 1 point from the previous day, a decrease of 39.57% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 41.47% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)
Market outlook
SunSirs’ analysts believe that in the recent times, the price of caustic soda has been consolidating and operating, with low inventory in some areas, and downstream demand was fair. It is expected to maintain consolidating in the future, depending on downstream market demand.
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