Price trend:

According to the SunSirs' commodity analysis system, caustic soda prices were weaker last week. The average market price at the beginning of the week was 836 RMB/ton, and the average market price at the end of the week was 832 RMB/ton, a decrease of 0.48%, and a year-on-year decrease of 18.51%.

On November 13th, the SunSirs Chemical Index was 759 points, up 1 point from the previous day, down 45.79% from the highest point of 1,400 points (October 23, 2021) within the cycle, and up 26.92% from the lowest point of 598 points (April 8, 2020). (Note: The cycle refers to December 1, 2011 to present)

Market Analysis

According to the commodity analysis system of SunSirs, caustic soda prices weakened last week. In Shandong, the mainstream market price for 32% ion-exchange membrane caustic soda was around 750-860 RMB/ton. In Jiangsu, the price remained stable at around 850-970 RMB/ton. In Inner Mongolia, the price consolidated, with the mainstream market price for 32% ion-exchange membrane caustic soda around 2,450-2,600 RMB/ton (converted to 100%). In Shandong, the supply and demand situation remained largely unchanged, with ample supply and prices trending downwards. Downstream alumina prices were stagnant recently, leading to pessimism among distributors and significant operational pressure for some companies, resulting in them purchasing caustic soda mainly on an as-needed basis.

Market outlook

According to analysts at SunSirs, caustic soda prices were trending weakly recently. Domestic downstream buyers were mostly purchasing on an as-needed basis, resulting in ample supply from caustic soda producers. Considering the supply and demand dynamics, caustic soda prices are expected to maintain a consolidation market in the near future, depending on downstream market demand.

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