SunSirs: The Caustic Soda Prices Were Running to Be Weakly This Week (December 9-13)
December 17 2024 15:23:54 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 1,002 RMB/ton, and the average market price over the weekend was 980 RMB/ton, a decrease of 2.2% and an increase of 18.93% compared to last year.
On December 15th, the chemical index was 839 points, unchanged from the precious day, a decrease of 40.07% from the highest point of 1,400 points during the cycle (October 23, 2021), and an increase of 40.30% 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 weak this week. The price of caustic soda in Shandong region was weak and declining, with the mainstream market price of 32% ion-exchange membrane alkali being around 870-970 RMB/ton. The price of caustic soda in Jiangsu region was weak, with the mainstream market price of 32% ion-exchange membrane alkali being around 950-1,050 RMB/ton. The price of caustic soda in Inner Mongolia region waas temporarily stable, with the mainstream market price of 32% ion-exchange membrane alkali being around 2,800-2,900 RMB/ton (converted to 100%). This week, as the main downstream procurement prices have declined, affecting the market atmosphere, caustic soda prices have also declined. Downstream purchases were mainly based on demand, and the industry was mainly observing and observing.
According to the price monitoring of SunSirs, in the 50th week of 2024 (12.9-12.13), there were 0 products with rising prices, 1 product with falling prices, and 5 products with zero rising and falling prices in the chlor alkali industry price list. The main commodity experiencing a decline is caustic soda (-2.20%). The average increase or decrease this week was -0.37%.
Market outlook
SunSirs’ analysts believe that recently, caustic soda prices have been weak, the alumina industry has been fluctuating, and non aluminum industry demand has been weak. Downstream consumers are mainly cautious and watching, and the supply-demand game was comprehensive. 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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