SunSirs: The Price of Flake Caustic Soda Increased This Week (March 4-8)
March 12 2024 11:08:59 SunSirs (John)
Price trend
According to the Commodity Analysis System of SunSirs, the price of flake caustic soda had risen this week. At the beginning of the week, the average market price in Shandong was 3,383.33 RMB/ton, and on the weekend it was 3,433.33 RMB/ton, with a price increase of 1.48% and a decrease of 5.07% compared to the same period last year.
On March 10th, the chlor alkali index was 998 points, unchanged from the previous day, a decrease of 53.10% from the highest point in the cycle of 2,128 points (2021-10-24), and an increase of 40.17% 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 781 RMB/ton from the beginning of the week to the weekend, a decrease of 10.84% 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 8th, enterprises were actively shipping, and overall, the price of flake caustic soda may maintain to be consolidated in the short term, depending on downstream market demand.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-23 SunSirs: This Week, the Prices of Flake Caustic Soda Had Been Consolidating (April 15-19)
- 2024-04-16 SunSirs: This Week, the Prices of Flake Caustic Soda Were Consolidating (April 7-12)
- 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)
