Price trend

According to the Commodity Analysis System of SunSirs, the prices of flake caustic soda were strong this week. The average market price at the beginning of the week was 3,350 RMB/ton, while the weekend price was 3,425 RMB/ton, with a price increase of 2.24% and a year-on-year decrease of 28.65%. It maintained a stronger market this week.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had stabilized this week. At the beginning of the week, the average market price in Shandong was 784 RMB/ton, while on the weekend, the average market price was 795 RMB/ton. The price increased by 1.4%, and the price had decreased by 25.28% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the overall price of flake caustic soda had increased this week, and the overall supply had contracted. There was a certain upward trend in the quotation, and downstream demand was more positive than before. The supply and demand gamed, and the prices were firmly operating. Overall, the price of flake caustic soda may remain stronger in the short term, depending on downstream market demand.

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