Price trend
According to the Commodity Analysis System of SunSirs, the price of flake caustic soda temporarily stabilized this week. The average market price at the beginning of the week was 3,433.33 RMB/ton until the weekend, with a price drop of 0.96% and a year-on-year decrease of 22.85%. This week, the market remained temporarily stable.
Upstream caustic soda
According to the Commodity Analysis System of SunSirs, the overall price of caustic soda was consolidated this week. At the beginning of the week, the average market price in Shandong was 894 RMB/ton, and on the weekend, the average market price in Shandong was 898 RMB/ton, with a price increase of 0.45% and a decrease of 28.39% compared to the same period last year. As of 26th, the average market price in Shandong region was around 810-940 RMB/ton. The mainstream factory quotation for 32% liquid alkali in Hebei region was around 850-950 RMB/ton.
Market outlook
Analysts from SunSirs believe that the flake caustic soda market was operating steadily for the time being this week, and the trading atmosphere in the market was average. Downstream was purchasing mainly on demand in recently, and the purchasing enthusiasm was average. Overall, The price of caustic soda may be consolidated in the short term, depending on downstream market demand.