Price trend
According to the monitoring system of SunSirs, the price of flake caustic soda was weak in June. At the beginning of the month, the average market price was around 3,400 RMB/ton, while at the end of the month, the average market price was 3,162.5 RMB/ton, a decrease of 6.99%, and a decrease of 35.02% compared to the same period last year. As of June 30th, the domestic caustic soda market was weakly consolidate. The mainstream quotation in the Shandong region was around 3,050-3,300 RMB/ton, while the mainstream quotation in the Inner Mongolia region was around 2,800-3,000 RMB/ton.
Upstream caustic soda
According to the analysis system of SunSirs, according to the monitoring data of SunSirs, the overall price of caustic soda decreased in June. The average price of Shandong market at the beginning of the month was 898 RMB/ton, and the average price of Shandong market at the end of the month was about 792 RMB/ton. The overall price fell by 11.8%, and the price fell by 35.71% compared with the same period last year.
The overall supply of liquid alkali this month was sufficient, and there was no positive support in terms of supply as of 30th. Although there will be enterprise maintenance in the later stage, downstream procurement was still general, and most of them had high inventory levels. The performance of downstream aluminum oxide was relatively weak, with weak and stable aluminum oxide prices operating in the market. In terms of demand, the enthusiasm for picking up goods is average, and most purchases were based on demand. The market had a strong wait-and-see sentiment, and the overall price of caustic soda was weak.
Market outlook
Analysts from SunSirs believe that the price of flake caustic soda was consolidated and the trading atmosphere in the market was general recently. The market shipment situation was average, and downstream purchases were often made according to demand recently. Manufacturers and traders quoted prices flexibly. Overall, in the short term, the price of caustic soda may be consolidated, depending on downstream market demand.
