I. Price Trends
According to SunSirs Analysis System, caustic soda prices rose last week. The average market price from the beginning to the end of the week was 890 RMB/ton, up 7.1% year-on-year.
II. Market Analysis
Data from SunSirs Analysis System indicates that caustic soda prices increased over the weekend. In Shandong, the mainstream market quotation for 32% ion-exchange membrane caustic soda was around 840-910 RMB/ton. In Jiangsu, prices remained stable, with the mainstream quotation for 32% ion-exchange membrane caustic soda at approximately 870-950 RMB/ton. In Inner Mongolia, prices consolidated, with the mainstream quotation for 32% ion-exchange membrane caustic soda around 2700-2800 RMB/ton (per 100 kg). In Shandong, caustic soda prices remained largely stable last week. Facilities undergoing earlier maintenance have yet to resume operations, with limited inventory pressure on producers. Alumina buyers primarily procured based on demand, while non-alumina buyers also focused on on-demand purchases.
SunSirs analysts note that caustic soda prices have recently shown stable-to-slightly-fluctuating trends, maintaining firmness. Domestic downstream buyers have primarily procured on-demand, with limited inventory pressure on caustic soda producers. Anticipated maintenance at downstream storage facilities, coupled with ongoing supply-demand dynamics, suggests caustic soda prices will likely remain firm in the near term, with specific movements dependent on downstream market demand.
As an integrated internet platform providing benchmark prices, on September 8, the benchmark price of caustic soda of SunSirs was 890.00 RMB/ton, up 0.68% from the beginning of this month (884.00 RMB/ton).
Application of SunSirs Benchmark Pricing:
Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).
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