SunSirs: The Price of Flake Caustic Soda Slightly Increased This Week (February 26-March 1)

Price trend

According to the commodity analysis system of SunSirs, the price of flake caustic soda slightly increased this week. At the beginning of the week, the average market price in Shandong was 3,350 RMB/ton, and on the weekend it was 3,383.33 RMB/ton, with a price increase of 0.99% and a price decrease of 17.48% compared to the same period last year.

On March 1st, the chlor alkali index was 1,014 points, an increase of 4 points from the previous day, a decrease of 52.35% from the highest point in the cycle of 2,128 points (2021-10-24), and an increase of 42.42% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present).

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had remained stable this week, with an average market price of 782 RMB/ton from the beginning of the week to the weekend, a decrease of 14.63% compared to the same period last year. The price of caustic soda in Shandong region was temporarily 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 was temporarily stable, with a mainstream market price of around 820-880 RMB/ton for 32% ion exchange membrane caustic soda.

Market outlook

SunSirs’ analysts believe that the price of flake caustic soda had slightly increased this week, and downstream demand had recovered. However, actual demand was limited. As of March 1st, enterprises were actively shipping, and overall, the price of flake caustic soda may remain stable in the short term, depending on downstream market demand.   I

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According to the commodity analysis system of SunSirs, the price of flake caustic soda slightly increased this week. At the beginning of the week, the average market price in Shandong was 3,350 RMB/ton, and on the weekend it was 3,383.33 RMB/ton, with a price increase of 0.99% and a price decrease of 17.48% compared to the same period last year.

On March 1st, the chlor alkali index was 1,014 points, an increase of 4 points from the previous day, a decrease of 52.35% from the highest point in the cycle of 2,128 points (2021-10-24), and an increase of 42.42% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present).

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had remained stable this week, with an average market price of 782 RMB/ton from the beginning of the week to the weekend, a decrease of 14.63% compared to the same period last year. The price of caustic soda in Shandong region was temporarily 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 was temporarily stable, with a mainstream market price of around 820-880 RMB/ton for 32% ion exchange membrane caustic soda.

Market outlook

SunSirs’ analysts believe that the price of flake caustic soda had slightly increased this week, and downstream demand had recovered. However, actual demand was limited. As of March 1st, enterprises were actively shipping, and overall, the price of flake caustic soda may remain stable in the short term, depending on downstream market demand.