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SunSirs: The Price of Caustic Soda Rose This Week (October 8-14)

October 17 2022 09:53:27     SunSirs (John)

Price trend

According to the monitoring data of SunSirs, the price of caustic soda rose this week. At the beginning of the week, the average market price of caustic soda in Shandong was about 1,274 RMB/ton, and at the weekend, the average market price in Shandong was 1,350 RMB/ton. The price rose 5.97%, and the price fell 8.32% compared with the same period last year.

On October 13, the caustic soda commodity index was 194.24, unchanged from the previous day, 26.83% lower than the highest point of 265.47 (2021-10-27) in the cycle, and 198.33% higher than the lowest point of 65.11 on October 9, 2020. (Note: Period refers to 2011-09-01 to now)

Analysis review

According to the survey data of SunSirs, the domestic caustic soda price rose this week. On the 14th, the average price of caustic soda in Shandong was 1,250-1,380 RMB/ton. The ex factory quotation of 32% liquid caustic soda mainstream in Hebei was about 1,340-1,450 RMB/ton. Affected by the overhaul of major enterprises, 32% of liquid caustic soda in Shandong rose strongly. This was mainly because the enterprise had equipment maintenance, which was good for the market, and the demand of downstream enterprises was good. Moreover, the export of caustic soda was good, and the price of caustic soda continued to rise.

According to the price monitoring of SunSirs, on October 13, 2022, there were 0 kinds of rising commodities, 1 kind of falling commodities, and 4 kinds of falling commodities in the list of rising and falling prices of the chlor alkali industry. The main commodities falling were PVC (-0.14%). The daily average rise and fall is -0.03%.

Market outlook

Analysts from SunSirs believe that in the near future, the price of caustic soda is running well, the downstream alumina procurement demand is better than in the early stage, and the overall increase, and there are manufacturers' maintenance, which is good for the market. It is comprehensively expected that caustic soda will still have room for growth next week, depending on the downstream market demand.

If you have any questions, please fee l free to contact SunSirs with support@sunsirs.com

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