Price trend

According to the commodity analysis system of SunSirs, the price of flake caustic soda was consolidating this week. At the beginning of the week, the average market price in Shandong was 3,673.33 RMB/ton, and on the weekend it was 3,683.33 RMB/ton, with a price increase of 0.27% and a decrease of 23% compared to the same period last year.

Upstream caustic soda

According to the commodity analysis system of SunSirs, the price of caustic soda had remained stable this week. The average market price in Shandong from the beginning of the week to the weekend was 836 RMB/ton, a decrease of 23.72% compared to the same period last year. This week, the overall price of caustic soda had remained stable with minor fluctuations, and the production of caustic soda had increased. Downstream purchases were still more on demand, and the purchasing enthusiasm was average.

Market outlook

SunSirs’ analysts believe that the price of flake caustic soda had stabilized this week, and with the high prices, downstream market entry enthusiasm had become cautious. The supply-demand gamed. Overall, the price of flake caustic soda may be consolidated at high levels in the short term, depending on downstream market demand.

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