SunSirs: The Price of Caustic Soda Declined in October as a Whole
October 31 2022 13:33:51 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the price of caustic soda fell in October as a whole. At the beginning of the month, the average price in the Shandong market was 1,238 RMB/ton, and at the end of the month, the average price in the Shandong market was about 1,140 RMB/ton. The price fell 7.92%, and the price rose 33.04% compared with the same period last year.
On October 27, the caustic soda commodity index was 168.92, down 4.61 points from previous day, down 36.37% from the highest point of the cycle 265.47 points (2021-10-27), and up 159.44% from the lowest point of 65.11 points on October 9, 2020. (Note: Period refers to 2011-09-01 to now)
Analysis review
According to the survey data of SunSirs, the domestic caustic soda price fell on the 28th. As of the 28th, the average market price in Shandong was about 1,100-1,200 RMB/ton. The factory quotation of 32% liquid caustic soda mainstream in Hebei was about 1,170-1,300 RMB/ton.
The price of caustic soda rose first and then fell this month. 32% of liquid caustic soda in Shandong rose strongly, mainly due to the overhaul of major enterprises. This was mainly because the enterprise had equipment maintenance, which was good for the market, and the demand of downstream enterprises was good. Moreover, the export of caustic soda was good, and the price of caustic soda continued to rise. The fall in caustic soda price in late October was mainly due to the decline in the price of caustic soda on the market and the delay in shipment compared with the previous period. Most of the main caustic soda enterprises had stable production and sufficient supply of goods on the site, but the downstream market was mainly wait-and-see, and the shipment was more general than in the early stage.
According to the price monitoring of SunSirs, there were 1 rising commodity, 2 falling commodities and 2 zero rising and falling commodities in the price list of chlor alkali industry in the 42nd week of 2022 (10.17-10.21). The main commodities that rose were hydrochloric acid (1.88%); The main commodities falling were caustic soda (-2.37%) and PVC (-0.69%). The average rise and fall this week was -0.23%.
Market outlook
The analysts of SunSirs believe that recently, the price of caustic soda has declined at the end of this month, the supply of goods on the market is relatively sufficient, and the shipment situation is slower than that in the early stage. Most of the downstream people purchase on demand, mainly in a wait-and-see mood. It is estimated that caustic soda will be mainly operated weakly in the future, depending on the downstream market demand.
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