SunSirs: This Week, the Price of Flake Caustic Soda Was Weak (January 22-26)
January 26 2024 14:40:18 SunSirs (John)
Price trend
According to the commodity analysis system of SunSirs, the price of caustic soda was weak this week. At the beginning of the week, the average market price in Shandong was 3,333.33 RMB/ton, and on the weekend it was 3,300 RMB/ton, a decrease of 1% in price and a decrease of 30.77% compared to the same period last year.
Upstream caustic soda
According to the Commodity Analysis System of SunSirs, the price of caustic soda has remained stable this week, with an average market price of 784 RMB/ton from the beginning of the week to the weekend, a decrease of 28.73% compared to the same period last year. The price of caustic soda in Shandong region is currently stable, with a mainstream market price of around 730-800 RMB/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 800-860 RMB/ton for 32% ion exchange membrane caustic soda.
Market outlook
SunSirs analysts believe that the price of flake caustic soda has been weak and consolidating this week, with average downstream demand. The supply-demand game, overall, the price of caustic soda may maintain a consolidation trend in the short term, depending on downstream market demand.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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