SunSirs: This Week, the Price of Flake Caustic Soda Was Weak (December 18-22)
December 25 2023 14:07:44 SunSirs (John)
Price trend
According to the commodity analysis system of SunSirs, the price of flake caustic soda was weakly consolidating this week. At the beginning of the week, the average market price in Shandong was 3,600 RMB/ton, and the average market price over the weekend was 3,566.67 RMB/ton, a decrease of 0.93% and a decrease of 25.95% compared to the same period last year.
Upstream caustic soda
According to the commodity analysis system of SunSirs, the price of caustic soda was weak this week, with an average market price of around 824 RMB/ton at the beginning of the week and 812 RMB/ton on the weekend, a price drop of 1.46%, and a 27.76% decrease compared to the same period last year.
Market outlook
SunSirs’ analysts believe that this week's weak consolidation of flake caustic soda prices had weakened the actual trading atmosphere compared to the previous period, and downstream market entry enthusiasm was cautious. The supply-demand gamed, overall, the price of caustic soda may maintain a consolidation trend in the short term, depending on downstream market demand.
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- 2024-04-02 SunSirs: The Overall Price of Flake Caustic Soda Increased in March
- 2024-03-29 SunSirs: On March 27th, the Price of Flake Caustic Soda Was Consolidating
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