Price trend:

According to the business data analysis system of SunSirs, the price of caustic soda remained stable. On December 22nd, the average market price was 748 RMB/ton, a year-on-year decrease of 15.9%.

On December 21st, the SunSirs Chemical Index was 763 points, unchanged from the previous day, a decrease of 45.50% from the highest point of 1,400 points (October 23, 2021) within the cycle, and an increase of 27.59% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1, 2011 to the present.)

Market Analysis

According to the business analysis system of SunSirs, the price of caustic soda remains stable. In Shandong province, the mainstream market price for 32% ion-exchange membrane caustic soda was around 690-780 RMB/ton. In Jiangsu province, the price of caustic soda was stable, with the mainstream market price for 32% ion-exchange membrane caustic soda around 760-870 RMB/ton. In Inner Mongolia, the price of caustic soda was consolidating, with the mainstream market price for 32% ion-exchange membrane caustic soda around 2,100-2,200 RMB/ton (on a 100% basis). The supply and demand pattern remained unchanged, with high operating rates and ample supply. Downstream alumina producers had shown moderate purchasing activity recently, and the market remains in a stalemate, with most purchases of caustic soda being made on a need-to-buy basis. It is expected that the alumina market will fluctuate with a slightly downward trend in the future. In the short term, domestic alumina prices are expected to fluctuate slightly.

Market Outlook

According to analysts at SunSirs, caustic soda prices have been consolidating recently. Domestic downstream buyers were purchasing on an as-needed basis. There are no positive factors supporting the Shandong market next week, and demand has not substantially improved. Considering the supply and demand dynamics, it is expected that caustic soda prices will continue to consolidate in the near future, with the specific trend depending on downstream market demand.

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