Price trend:
According to SunSirs' commodity analysis system, caustic soda prices were weak this week. The average market price at the beginning of the week was 752 RMB/ton, and the average market price at the end of the week was 748 RMB/ton, a decrease of 0.53%, and a year-on-year decrease of 24.6%.
On December 11th, SunSirs Chemical Index was 778 points, up 1 point from the previous day, down 44.43% from the cycle high of 1,400 points (October 23, 2021), and up 30.10% from the cycle low 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 weak this week. In Shandong, the mainstream market price for 32% ion-exchange membrane caustic soda was around 690-780 RMB/ton. In Jiangsu, the price remained stable at around 760-870 RMB/ton. In Inner Mongolia, the price consolidated, with the mainstream market price for 32% ion-exchange membrane caustic soda around 2,100-2,200 RMB/ton (converted to 100% ). The supply and demand situation remained unchanged this week, with supply still relatively abundant. Downstream alumina buyers showed limited activity recently, and the market remained stagnant, with most purchases of caustic soda on an as-needed basis. The alumina market is expected to fluctuate slightly downwards in the near future. In the short term, domestic alumina prices are expected to fluctuate slightly, with a price range of around 2,700-2,850 RMB/ton.
Market Outlook
According to analysts at SunSirs, caustic soda prices have been weak this week. Domestic downstream buyers are mostly purchasing on an as-needed basis. There are no positive factors supporting the Shandong market next week, and demand has not improved substantially, supply and demand dynamics. Overall, caustic soda prices are expected to continue consolidating in the near future, depending on downstream market demand.
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