Price trend

According to the Commodity Analysis System of SunSirs, the price of flake caustic soda temporarily stabilized this week, with an average market price of 3,750 RMB/ton in Shandong from the beginning of the week to the weekend, and a decrease of 22.68% compared to the same period last year.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda was relatively weaker this week. At the beginning of the week, the average market price in Shandong was 1,013 RMB/ton, while on the weekend, the average market price in Shandong was 956 RMB/ton, a decrease of 5.63%, and a decrease of 28.87% compared to the same period last year. This week, the overall price of caustic soda was weaker, and the overall supply of caustic soda was relatively loose. Downstream procurement was still more on demand, and purchasing enthusiasm had weakened.

Market outlook

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

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