SunSirs: Last Week's Caustic Soda Prices Were Running Steadily (April 21-25)

Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda had been consolidating last week. The average market price at the beginning of the week was 829.2 RMB/ton, and the average market price over the weekend was 822 RMB/ton, a decrease of 0.87% and a year-on-year increase of 2.24%.

On April 24th, the Business Social Chemical Index was 795 points, a decrease of 1 point from the previous trading day, a decrease of 43.21% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 32.94% from the lowest of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

Analysis review

According to the commodity analysis system of SunSirs, the price of caustic soda had been consolidating last week. The price of caustic soda in Shandong region was around 770-880 RMB/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region was stable, and the mainstream market price of 32% ion-exchange membrane alkali was around 880-980 RMB/ton. The price of caustic soda in Inner Mongolia region was temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali was around 2,900-3 000 RMB/ton (converted to 100%). Caustic soda causes weak operation, with sufficient supply from caustic soda enterprises and average downstream demand, resulting in a weak operating market for caustic soda prices.

Market outlook

SunSirs’ analysts believe that recently, the price of caustic soda has been weak in the operating market, and the downstream demand in China has been average, with no positive support. There has been a game between supply and demand. It is expected that caustic soda will maintain a consolidating market in the later stage, depending on downstream market demand.

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