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SunSirs: The Price of Caustic Soda Dropped This Week (January 9-13)

January 17 2023 14:34:29     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the price of caustic soda was weak this week. At the beginning of the week, the average market price in Shandong was 1,114 RMB/ton. At the end of the week, the average market price in Shandong was 1,100 RMB/ton. The price fell by 1.26%, and the price rose by 14.88% compared with the same period last year.

The caustic soda commodity index on January 15 was 158.27, which was the same as the previous day, down 40.38% from the highest point of 265.47 points (2021-10-27) in the cycle, and up 143.08% from the lowest point of 65.11 points on October 9, 2020. (Note: the period refers to September 1, 2011 to now)

Analysis review

According to the survey data of SunSirs, the domestic caustic soda price fell this week. As of the 13th, the average market price in Shandong was about 1,000-1,150 RMB/ton. The mainstream ex-factory quotation of 32% liquid caustic soda the in Hebei was about 1,100-1,200 RMB/ton. The price of caustic soda in the site was weak and downward. With the Spring Festival approaching, downstream participation had decreased. The stock plan had come to an end some time, and the purchase intention was not strong.

According to the price monitoring of SunSirs, in the price rise and fall list of chlor-alkali industry in the second week of 2023 (1.9-1.13), there were 2 commodities that rose, 1 commodity that fell, and 2 commodities that rose or fell to 0. The main commodities rising were calcium carbide (3.13%) and PVC (0.81%); The main commodities falling were caustic soda (- 1.26%). The average rise and fall of this week was 0.54%.

Market outlook

Analysts from SunSirs believe that recently, the price of caustic soda has declined, the downstream alumina procurement is general, and the trading atmosphere is relatively light. The Spring Festival is approaching, and the purchase of the previous period has come to an end. Now, most of the purchases are based on demand. It is estimated that the caustic soda will be mainly consolidated during the Spring Festival, depending on the downstream market demand.

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