SunSirs: Caustic Soda Maintenance Equipment Gradually Resumed, and Its Price Declined

https://www.chemnet.com   Jul 24,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda has fallen. On July 23rd, the average market price in Shandong was around 807 RMB/ton, a decrease of 1.34% from last weekend and an increase of 8.47% year-on-year.

On July 22, the chemical index was 879 points, a decrease of 1 point from the previous day, a decrease of 37.21% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 46.99% from the lowest point of 598 points on April 8, 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 expected recovery of equipment maintenance and inventory in Shandong region was average, and downstream procurement was weak, resulting in relatively weak demand. The price of caustic soda in Hubei region was temporarily stable, with a mainstream market price of about 970-1,050 RMB/ton for 32% ion-exchange membrane alkali. In Shandong region, the price of caustic soda has slightly increased, with a mainstream market price of about 750-830 RMB/ton for 32% ion-exchange membrane alkali. Most enterprises have lowered their prices by 10-20 RMB/ton. The mainstream transaction price in Jiangsu region was around 860-940 RMB/ton.

According to the price monitoring of SunSirs, in the 29th week of 2024 (7.15-7.19), there were 0 products that rose, 3 products that fell, and 3 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline were: calcium carbide (-1.84%), baking soda (-0.90%), and PVC (-0.61%). The average increase or decrease this week was -0.56%.

Market outlook

SunSirs’ analysts believe that recently, the price of caustic soda has fallen, and the equipment of previous maintenance companies has gradually resumed, leading to an expected increase in supply and inventory. The demand for downstream alumina was average and lacked favorable support. Supply and demand gamed. It is expected that caustic soda will maintain a weak operating trend in the later stage, depending on downstream market demand.

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

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