Price trend:

According to the SunSirs' commodity analysis system, caustic soda prices remained stable last week. The average market price from the beginning to the end of the week was 824 RMB/ton, a decrease of 19.29% compared to the same period last year.

On November 20th, the SunSirs Chemical Index was 762 points, unchanged from the previous day, down 45.57% from the highest point of 1,400 points (October 23, 2021) within the cycle, and up 27.42% 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 remained stable last week. In Shandong, the mainstream market price for 32% ion-exchange membrane caustic soda was around 730-840 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 2,350-2,450 RMB/ton (converted to 100%). Maintenance shutdowns were still expected next week, but the supply situation in Shandong was unclear, so a wait-and-see approach was recommended. Downstream alumina buyers had shown increased activity recently, but the market remained stagnant, with most caustic soda purchases being made on an as-needed basis. The alumina market is expected to fluctuate slightly downwards in the near future.

Market Forecast:

According to analysts at SunSirs, caustic soda prices were stable recently. Domestic downstream buyers were mostly purchasing on an as-needed basis, and caustic soda companies were expected to undergo maintenance shutdowns. Considering the supply and demand dynamics, caustic soda prices are expected to maintain a consolidation trend in the near future, depending on downstream market demand.

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