SunSirs: Caustic Soda Price Fell This Week (October 31-November 4)
November 07 2022 10:56:59 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the price of caustic soda fell this week. At the beginning of the week, the average market price in Shandong was about 1,132 RMB/ton. At the weekend, the average market price in Shandong was 1,098 RMB/ton. The price fell 3%, and 18.52% lower than the same period last year.
On November 3, the caustic soda commodity index was 158.85, down 1.73 points from the previous day, down 40.16% from the peak of 265.47 points (2021-10-27) in the cycle, and up 143.97% 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 monitoring data of SunSirs, the domestic caustic soda price fell this week. On the 4th, the average market price of caustic soda in Shandong was about 1,050-1,100 RMB/ton. The factory quotation of 32% liquid caustic soda mainstream in Hebei was about 1,060-1,300 RMB/ton. The price of caustic soda on the market fell, and the supply remained at the early stage. Most of the main caustic soda enterprises had relatively stable production and sufficient supply of goods on the market, but the downstream market was mainly wait-and-see, and they were cautious in purchasing, and the actual delivery was average.
According to the price monitoring of SunSirs, in the 43rd week of 2022 (10.24-10.28), there was a total of 1 rising commodity, 3 falling commodity, and 1 zero rising commodity in the list of price rise and fall of chlor alkali industry. The main commodities that rose were hydrochloric acid (3.71%); The main commodities falling were caustic soda (-11.21%), PVC (-2.54%) and calcium carbide (-0.42%). The average rise or fall this week was -2.09%.
Market outlook
Analysts from SunSirs believe that recently, the caustic soda price wass weak, and the downstream aluminum oxide procurement demand was average, and more buying up not buying down, focused on wait-and-see operation, and purchased cautiously. It is expected that caustic soda will operate in a weak way next week, depending on the downstream market demand.
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