SunSirs: The Price of Caustic Soda Rose Strongly in September

Price trend

According to the monitoring data of SunSirs, the price of caustic soda rose strongly in September. At the beginning of the month, the average price in Shandong market was 1052 RMB/ton. On September 28, the average price in Shandong market was about 1214 RMB/ton. The price rose by 15.4%, and 10.11% higher than the same period last year.

On September 28, the caustic soda commodity index was 174.68, up 1.73 points from the previous day, down 34.20% from the cycle's highest point of 265.47 points (2021-10-27), and up 168.28% from the lowest point of 65.11 points on October 9, 2020. (Note: Period refers to 2011-09-01 to now)

Analysis review

According to the survey data of SunSirs, the domestic caustic soda price is on the rise now. As of September 28, the average market price in Shandong was about 1,100-1,300 RMB/ton. The mainstream factory quotation of 32% liquid caustic soda in Hebei was about 1,130-1,330 RMB/ton.

The price of caustic soda rose in late September, and the positive factors continued to surround. On the supply side, the maintenance of caustic soda devices of major enterprises, and the arrival of the National Day holiday, the downstream enterprises to varying degrees of stock stimulated the price of caustic soda to rise. In addition, the improvement of the export market played a role in boosting the price rise of caustic soda. The price rise mentality of caustic soda enterprises was strong, and the price of caustic soda rose.

According to the price monitoring of SunSirs, in the 38th week of 2022 (9.19-9.23), there were 3 kinds of rising commodities, 1 kind of falling commodity and 1 kind of zero rising and falling commodity in the price list of the chlor alkali industry. The main commodities that rose were caustic soda (10.55%), hydrochloric acid (8.70%) and calcium carbide (2.30%); The main commodities falling were PVC (-1.58%). The average rise and fall this week was 4%.

Market outlook

Business analysts believe that the price of caustic soda rose this month. The caustic soda was temporarily running steadily in the middle and the first ten days of this month, and the downstream alumina mainly purchased on demand, and the overall demand was limited. In late September, the price of caustic soda rose strongly. Before the National Day, downstream enterprises were actively stocking up. And the expectation of "golden September and silver October", it is generally expected that caustic soda will continue to run well, depending on the downstream market demand.

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