SunSirs: The Caustic Soda Prices Fluctuated in a Narrow Range

https://www.chemnet.com   Nov 01,2024 SunSirs

Price trend

According to monitoring data from SunSirs, after the holiday, the price of caustic soda continued to rise and then fluctuated narrowly at the end of the month. At the end of the month, the average price of caustic soda market in Shandong region was 1,037 RMB/ton.

Analysis review

According to the survey data from SunSirs, the price of caustic soda was temporarily operating in a consolidation trend. The price of caustic soda in Jiangsu region was temporarily stable, with a mainstream market price of around 1,020-1,060 RMB/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region was temporarily stable, with a mainstream market price of around 990-1,060 RMB/ton for 32% ion exchange membrane alkali.

Since October, with the support of equipment maintenance and load reduction in the early stage of the East China region, the spot price of liquid alkali in the East China region has risen. From the perspective of enterprise inventory, the inventory of caustic soda plants was low. From the perspective of downstream demand, recently, domestic alumina prices continued to show a stable to stronger trend, with good demand for caustic soda, driving up caustic soda prices. However, with the rise in prices, the non aluminum industry had a resistance to the price of caustic soda, and the price of caustic soda tended to consolidate.

Market outlook

SunSirs’ analysts believe that the price of caustic soda has been consolidating recently. As of October 31st, the inventory of caustic soda plants was low, and there were expectations of maintenance and load reduction in some areas, resulting in relatively firm prices. The downstream demand for alumina was good, which provided some support for the price of caustic soda. Overall, it is expected to operate steadily in the later stage, depending on downstream market demand.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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