SunSirs: The Price of Flake Caustic Soda Rose as a Whole in May

Price trend

According to the monitoring data of SunSirs, the price of flake caustic soda rose as a whole in May. The average market price of flake caustic soda at the beginning of the month was 3,933.33 RMB/ton, and the average market price at the end of the month was about 4,300 RMB/ton, with a price increase of 9.321%. Now the domestic flake caustic soda market is consolidating the market trend.

Analysis review

According to the monitoring data of SunSirs, the price of caustic soda rose first and then fell in May, and the overall price fell. At the beginning of the month, the average price of caustic soda in Shandong market was 1,274 RMB/ton, and at the end of the month, the average price of caustic soda in Shandong market was about 1,246 RMB/ton, and the price fell by 2.24%. It rose 149.2% year-on-year.

The slight increase in the price of caustic soda in the first ten days of May was mainly because some caustic soda enterprises started to reduce load recently, the inventory pressure was not large, and the recent trading enthusiasm of the downstream was good.

The price decline in mid-to-late May was mainly because the overall supply of caustic soda did not change much, the downstream alumina was mainly stable, and the price of caustic soda was lowered for many times, mainly on-demand procurement, and the overall demand was limited.

Market outlook

The analyst of SunSirs believes that: there is no inventory of flake caustic soda manufacturers in the northwest region, prices are rising, and there is no overall pressure on inventory. The manufacturers have a heavy psychology of restricting sales, but the downstream has a strong wait-and-see mood. On the whole, the price of flake caustic soda may maintain a consolidation operation in the short term, depending on the downstream market demand.

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