Price trend

According to the monitoring system of SunSirs, the price of flake caustic soda was weak in May. At the beginning of the month, the average market price was around 3,500 RMB/ton, while at the end of the month, the average market price was 3,400 RMB/ton, a decrease of 2.86% and a decrease of 24.44% compared to the same period last year. The flake alkali market was weak and consolidated.

Upstream caustic soda

According to the analysis system of SunSirs, the price of caustic soda first fell and then rose in May, and overall declined. At the beginning of the month, the average price in the Shandong market was 904 RMB/ton, and at the end of the month, the average price in the Shandong market was around 898 RMB/ton. The overall price decreased by 0.66%, and the price decreased by 27.93% compared to the same period last year. According to monitoring data from SunSirs, the price of caustic soda had stabilized, and the supply side might have favorable support due to maintenance of some devices. The mentality of downstream alumina had improved recently. The supply and demand gamed, overall, it is expected that the market may be consolidated in the later stage.

Market outlook

Analysts from SunSirs believe that the market for flake caustic soda was operating in a weak price trend recently, and the trading atmosphere in the market was average. The market shipment situation was average, the downstream purchasing enthusiasm was general, and the enthusiasm of enterprises to enter the market was poor. Overall, the price of flake caustic soda may be weak in the short term, depending on downstream market demand.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.