Price trend

According to the Commodity Analysis System of SunSirs, the price of flake caustic soda was weak this week, with an average market price of 3,500 RMB/ton at the beginning of the week and 3,466.67 RMB/ton at the weekend. The price fell by 0.95%, and a year-on-year decrease of 21.8%. This week, the market for flake caustic soda remained weak.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the overall price of caustic soda remained stable and fluctuated slightly this week. At the beginning of the week, the average market price in Shandong was 898 RMB/ton. On the weekend, the average market price in Shandong was 894 RMB/ton, a decrease of 0.45%, and a decrease of 31.23% compared to the same period last year. This week, the overall price of caustic soda was weak and there was currently no positive support from the supply side. The performance of downstream alumina was relatively weak, and the enthusiasm for picking up goods in terms of demand was average. Purchasing was mainly based on demand, and there was a strong wait-and-see sentiment in the market. The overall price of caustic soda was weak.

Market outlook

Analysts from SunSirs believe that the flake caustic soda market was operating in a weak state this week, and the market trading atmosphere was average. Downstream demand purchasing was on demand recently and the purchasing enthusiasm was average. Overall, in the short term, the price of flake caustic soda may be weakly consolidated, depending on downstream market demand.

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