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SunSirs: The Overall Price of Caustic Soda Fell in July
August 01 2022 11:13:11SunSirs(John)

Price trend

According to the monitoring data of SunSirs, the price of caustic soda declined as a whole in July. The average price in the Shandong market at the beginning of the month was 1,232 RMB/ton, and at the end of the month, the average price in the Shandong market was about 1,094 RMB/ton, down 11.2% and up 68.96% from the same period last year.

On July 28, the caustic soda commodity index was 157.41, an increase of 0.58 points from previous day, a decrease of 40.71% from the highest point of 265.47 points in the cycle (2021-10-27), and an increase of 141.76% from the lowest point of 65.11 points on October 9, 2020. (Note: The cycle refers to 2011-09-01 to the present)

Analysis review

According to the survey data of SunSirs, the domestic price of caustic soda was running weakly. On July 29, the average market price of caustic soda in Shandong was around 1,050-1,150 RMB/ton. The mainstream ex-factory quotation of 32% liquid caustic soda in Hebei was around 1,120-1,320 RMB/ton. In July, the downstream enterprises of caustic soda mostly took a wait-and-see attitude. The company's shipments were general, and the wait-and-see mood in the field was heavier, and the downstream purchasing capacity was limited. Trading was generally weak.

According to the price monitoring of SunSirs, in the 29th week of 2022 (7.18-7.22), there were 0 commodities that rose in the price change list of the chlor-alkali industry, a total of 5 commodities fell, and a total of 0 commodities had a price change of 0. The main commodities that fell were: hydrochloric acid (-13.24%), caustic soda (-5.50%), PVC (-2.00%).

Market outlook

Analysts of SunSirs believe that recently, the caustic soda market was running weakly in July, and the downstream alumina was mainly purchased on demand, and the overall demand was limited. It is comprehensively expected that the follow-up of caustic soda or the market will mainly be stable with small fluctuations, depending on the downstream market demand.

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