SunSirs: Caustic Soda Prices Were Consolidating This Week (August 13-20)

https://www.chemnet.com   Aug 21,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda had been consolidating this week. On August 13th, the average market price was 799 RMB/ton, and on August 20th, the average market price was around 801 RMB/ton, with a price increase of 0.25% and a year-on-year increase of 4.43%.

On August 19th, the chemical index was 864 points, unchanged from the previous day, a decrease of 38.29% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 44.48% from the lowest point of 598 points on April 8th, 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 price of caustic soda had been consolidating this week. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 760-840 RMB/ton for 32% ion-exchange membrane alkali. In Jiangsu region, the price of caustic soda was temporarily stable, with a mainstream market price of around 840-920 RMB/ton for 32% ion-exchange membrane alkali. In Inner Mongolia region, the price of caustic soda was temporarily stable, with a mainstream market price of around 2200-2300 RMB/ton for 32% ion-exchange membrane alkali (converted to 100%). This week, caustic soda maintained a reasonable inventory, with downstream purchases mainly based on demand.

According to the price monitoring of SunSirs, in the 33rd week of 2024 (8.12-8.16), 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 baking soda (-4.85%), PVC (-0.93%), and caustic soda (-0.75%). The average increase or decrease this week was -1.09%.

Market outlook

SunSirs’ analysts believe that recently, the price of caustic soda has been consolidating and the inventory of caustic soda has remained stable. Downstream consumers are mainly cautious and watching, the supply and demand gamed. Overall, it is expected that caustic soda will maintain a consolidating market 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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