1. Price trend

According to the monitoring data of SunSirs, the price of caustic soda increased in May. At the beginning of the month, the average price of caustic soda in Shandong was 807 RMB/ton, and at the end of the month, the price of caustic soda in Shandong was 885 RMB/RMB, a price increase of 9.67%, an increase of 11.74% compared with the same period last year.

2. Market analysis

According to the survey data of SunSirs, the overall price of caustic soda increased. In Shandong, the mainstream market price of 32% ion membrane caustic soda is about 810-920 RMB/ton. In Jiangsu, the price of caustic soda is stable, and the mainstream market price of 32% ion membrane caustic soda is about 920-980 RMB/ton. The price of caustic soda in Inner Mongolia is temporarily stable, and the mainstream market price of 32% ion membrane caustic soda is about 2750-2850 RMB/ton (hundred RMB off).

This month, the price of caustic soda has increased, the equipment in the region has been overhauled, the supply has decreased, the downstream alumina purchase price has increased, the supply of some factories is tight, and the demand for caustic soda has increased, which has a favorable support for the price increase of caustic soda.

Analysts from SunSirs believe that the price of caustic soda has been running strong recently. The recent domestic downstream demand is still good, and there is stocking up before the Dragon Boat Festival, which is a positive support. Based on the supply and demand game, it is expected that caustic soda will maintain a strong trend in the future, depending on the downstream market demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.