SunSirs: The Price of Caustic Soda is Temporarily Stable (8.5-8.12)

https://www.chemnet.com   Aug 13,2024

Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda is temporarily stable last week. The average market price from the beginning of the week to the weekend was 805 RMB/ton, up 7.05% year-on-year.

Market analysis

According to the commodity analysis system of SunSirs, the price of caustic soda is temporarily stable this week. The price of caustic soda in Shandong is temporarily stable, and the mainstream market price of 32% ion membrane alkali is about 750-840 RMB/ton. The price of caustic soda in Jiangsu is temporarily stable, and the mainstream market price of 32% ion membrane alkali is about 840-940 RMB/ton. The price of caustic soda in Inner Mongolia is temporarily stable, and the mainstream market price of 32% ion membrane alkali is about 2350-2550 RMB/ton (100 RMB off). At present, there is no substantial improvement in downstream demand. In addition, the export market has turned weak, and the operating mentality of the industry has weakened, and more cautious wait-and-see.

Analysts from SunSirs believe that in the near future, the price of caustic soda will remain stable. In the early stage of Shandong market, there is a delay in the plan of investing in new equipment in Zibo. It is expected that the supply of caustic soda will be stable. The downstream market is mainly cautious and wait-and-see. Based on the overall supply and demand game, it is expected that caustic soda will maintain a consolidation trend in the later period, depending on the downstream market demand.

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

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