Price trend

According to the Commodity Analysis System of SunSirs, the price of flake caustic soda had stabilized this week. At the beginning of the week, the price was 3,625 RMB/ton, while at the weekend, the price was 3,650 RMB/ton, with a price increase of 0.69% and a year-on-year decrease of 20.65%. This week, the price of flake caustic soda was consolidated.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had risen this week. At the beginning of the week, the average market price in Shandong was 937 RMB/ton, and on the weekend, the average market price in Shandong was 1,021 RMB/ton, an increase of 8.96%, and a decrease of 10.75% compared to the same period last year.

Market outlook

Analysts from SunSirs believe that the price of caustic soda was consolidating at a high level this week. The quotation was relatively firm, and downstream demand had been on the sidelines recently. The supply and demand gamed. Overall, the price of flake caustic soda may maintain consolidation at a high level in the short term, depending on downstream market demand.

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