SunSirs: Caustic Soda Prices Were Running to Be Weaker This Week (December 02-09)
December 10 2024 09:07:10 SunSirs (John)
Price trend
According to the commodity analysis system of SunSirs, the price of caustic soda had been running weakly this week. The average market price at the beginning of the week was around 1,021 RMB/ton, and the average market price over the weekend was 1,008 RMB/ton, a decrease of 1.27% and a year-on-year increase of 19.43%.
On December 8th, the chemical index was 847 points, unchanged from the previous day, down 39.50% from the highest point of 1,400 points during the cycle (2021-10-23), and up 41.64% 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 weak this week. The price of caustic soda in Shandong region was weak, with a downward trend of 10-20 RMB/ton. The mainstream market price of 32% ion membrane alkali was around 950-1,040 RMB/ton. The price of caustic soda in Jiangsu region was weak, with the mainstream market price of 32% ion membrane alkali being around 1,000-1,080 RMB/ton. The price of caustic soda in Inner Mongolia region was temporarily stable, with the mainstream market price of 32% ion membrane alkali being around 2,800-2,900 RMB/ton (converted to 100%). This week, as the main downstream procurement prices declined, affecting the market atmosphere, caustic soda prices had also declined. Downstream purchases were mainly based on demand, and the industry was mainly observing.
According to the price monitoring of SunSirs, in the 49th week of 2024 (12.2-12.6), there were 0 products that rose, 4 products that fell, and 2 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline are PVC (-2.30%), calcium carbide (-1.72%), and caustic soda (-1.27%).
Market outlook
SunSirs’ analysts believe that in the recent times, the price of caustic soda has been weak, and the demand for non aluminum industries has been weak. Downstream companies were mainly cautious and watching, and the supply-demand gamed. It is expected that caustic soda will maintain a weak operating market in the later stage, depending on downstream market demand.
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