SunSirs: This Week, the Price of Flake Caustic Soda Was Weak (December 20-26)
December 28 2023 15:41:42 SunSirs (John)
Price trend
According to the commodity analysis system of SunSirs, the price of flake caustic soda was weakly consolidating this week. On December 20th, the average market price in Shandong was 3,600 RMB/ton, and on December 26th, the average market price was 3,533.33 RMB/ton, a decrease of 1.85% and a decrease of 26.64% compared to the same period last year. The prices of caustic soda in Inner Mongolia had been consolidating, with mainstream market quotations of around 2,850-2,950 RMB/ton.
Upstream caustic soda
According to the commodity analysis system of SunSirs, the price of caustic soda had been weak this week. The average market price on December 20th was around 812 RMB/ton, and on December 26th it was 798 RMB/ton, a price drop of 1.72%, and a 29.88% decrease compared to the same period last year.
Market outlook
SunSirs’ analysts believe that this week, the price of caustic soda was weak and consolidating, and the actual trading atmosphere had weakened compared to the previous period. Downstream market entry enthusiasm was cautious. The supply demand gamed, overall, the price of caustic soda may maintain a weak 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
- 2024-03-20 SunSirs: The Price of Flake Caustic Soda Slightly Increased This Week (March 11-18)
