SunSirs: The Price of Caustic Soda Had Increased This Week (August 20- 27)

https://www.chemnet.com   Aug 28,2024 SunSirs

Price trend ??????????????????????????????

According to the commodity analysis system of SunSirs, the price of caustic soda had increased this week. On August 20th, the average market price was 801 RMB/ton, and on August 26th, the average market price was around 808 RMB/ton, with a price increase of 0.87% and a year-on-year increase of 1.64%.

On August 26th, the chemical index was 857 points, a decrease of 1 point from the previous day, a decrease of 38.79% from the cycle's highest point of 1,400 points (2021-10-23), and an increase of 43.31% 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 rising this week. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 785-860 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 880-920 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 2,200-2,300 RMB/ton for 32% ion-exchange membrane alkali (converted to 100). This week, the inventory of caustic soda was low, and the willingness to purchase had increased.

According to the price monitoring of SunSirs, in the 34th week of 2024 (8.19-8.23), there was a total of 1 commodity that rose, 3 commodities that fell, and 2 commodities with zero rise and fall in the chlor alkali industry price list. The main commodities experiencing an increase were: caustic soda (0.75%); The main commodities experiencing a decline were baking soda (-1.49%), light soda ash (-0.55%), and PVC (-0.22%). The average increase or decrease this week was -0.25%.

Market outlook

SunSirs’ analysts believe that recently, the price of caustic soda has risen and the inventory in Shandong region has remained relatively low. In addition, some downstream buyers increased their purchasing intentions at the end of the month. In addition, recent rainfall led to a decrease in transportation volume. It is expected that caustic soda will continue to rise in the later period, depending on downstream market demand.

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

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