Price trend

According to the commodity analysis system of SunSirs, caustic soda was running steadily last week. On July 28th, the average market price in Shandong was 861 RMB/ton, an increase of 6.69% compared to last year.

On July 27th, the SunSirs’ Chemical Index was 771 points, unchanged from the previous day, a decrease of 44.93% from the highest point of 1,400 points during the cycle (October 23, 2021), and an increase of 28.93% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

Analysis review

According to the commodity analysis system of SunSirs, the price of caustic soda was operating steadily. The price of caustic soda in Shandong region was around 790-880 RMB/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region was stable, with a mainstream market price of 870-930 RMB/ton in 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region was stable, with a mainstream market price of 2,700-2,800 RMB/ton (converted to 100%) in 32% ion-exchange membrane alkali. From the perspective of Shandong region, there was not much fluctuation in supply and demand, and most enterprises were still executing preliminary orders. The demand side increment was limited, and alumina mostly purchased on demand, while non aluminum mainly purchased on demand.

Future outlook:

Analysts from SunSirs believe that recently, the price of caustic soda has been firm, the domestic downstream demand is average, and the price of caustic soda has been consolidating. As the price rises, the downstream market is resistant. It is generally expected that the price of caustic soda will be consolidated in the future, depending on the downstream market demand.

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