SunSirs: The Price of Caustic Soda Decreased in November
December 02 2024 14:16:50 SunSirs (John)
Price trend
According to monitoring data from SunSirs, caustic soda prices declined in November. At the beginning of the month, the average market price in Shandong was 1,037 RMB/ton, and at the end of the month, the average market price in Shandong was around 1,021 RMB/ton. The overall price decreased by 1.54%, and the price increased by 21.55% compared to the same period last year.
On November 28th, the chemical index was 844 points, a decrease of 1 point from the previous day, a decrease of 39.71% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 41.14% 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 survey data from SunSirs, the overall price of caustic soda had declined this month. 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 strong trend, and demand for caustic soda was still acceptable, maintaining the current price trend of caustic soda.
According to the price monitoring of SunSirs, in the 47th week of 2024 (11.18-11.22), 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 are PVC (1.00%), caustic soda (-0.91%), and baking soda (-0.13%). The average increase or decrease this week was 0.34%.
Market outlook
Business analysts believe that caustic soda prices had been consolidating recently. The price of caustic soda is operating steadily, with low inventory in some areas. Downstream demand is expected to remain stable in the future, depending on downstream market demand.
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