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SunSirs: The Price of Caustic Soda Was Down This Week (November 15-19)
November 22 2021 13:52:25SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the price of caustic soda declined this week. At the beginning of the week, the market price of caustic soda in Shandong was 1,262.5 yuan/ton. The average price in the Shandong market on weekends was 940 yuan/ton. The price dropped 11.53% and the price rose 91.84% over the same period last year.

Analysis review

The price of caustic soda went down this week. At present, liquid caustic soda is showing a downward trend, and alumina companies have repeatedly lowered the purchase price of liquid caustic soda. The price of caustic soda in Shandong was weak, and the mainstream ex-factory price of 32% caustic soda was 900-1,000 yuan/ton. The alumina market lowered the purchase price of liquid caustic soda, and the downstream support was insufficient, and the price of liquid caustic soda was lowered.

Downstream: Alumina spot quotations fell, and downstream support was insufficient. At present, alumina companies are not enthusiastic about caustic soda purchases and continue to put pressure on caustic soda. The demand for alumina is average, and the shipments of caustic soda companies are average.

According to the price monitoring of SunSirs, in the 45th week of 2021 (11.8-11.12), there were 3 commodities that rose in the price list of the chlor-alkali industry, 2 kinds of commodities fell, and 0 kinds of commodities had zero rise or fall. The main commodities that rose were calcium carbide (0.74%), hydrochloric acid (0.63%), and PVC (0.33%); the main commodities that fell were: caustic soda (-11.22%) and light soda ash (-0.68%). The average increase and decrease this week was -2.04%.

Market outlook

SunSirs’ analysts believe that the overall transaction of caustic soda has been weak recently, the downstream alumina purchase price of caustic soda has been lowered many times, and the shipment of caustic soda has been average. It is expected that caustic soda will continue to operate in a weaker position in the future, depending on the downstream market demand.

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

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