SunSirs: Caustic Soda Prices Were Temporarily Stable This Week (November 18-22)

https://www.chemnet.com   Nov 25,2024 SunSirs

Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda haD remained stable this week. The average market price from the beginning of the week to the weekend was around 1,021 RMB/ton, an increase of 22.13% compared to last year.

On November 21, the chemical index was 847 points, a decrease of 1 point from the previous day, a decrease of 39.50% from the highest point of 1,400 points during the cycle (2021-10-23), and an increase of 41.64% 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 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 990-1,060 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 1,020-1,080 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 2,800-2,900 RMB/ton (converted to 100%) for 32% ion-exchange membrane alkali. This week, the maintenance and supply of caustic soda facilities in some areas were tight, supporting the current selling price. Downstream purchases were mainly based on demand.

According to the price monitoring of SunSirs, in the 46th week of 2024 (11.11-11.15), there were 0 products that rose, 4 products that fell, and 2 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline were sodium bicarbonate (-1.40%), caustic soda (-0.29%), and PVC (-0.19%). The average increase or decrease this week was -0.33%.

Market outlook

SunSirs’ analysts believe that recently, the price of caustic soda has been consolidating, and some areas of caustic soda facilities were undergoing maintenance. Downstream customers were mainly cautious and watching, and the supply and demand gamed. It is expected that caustic soda will maintain a consolidations operating market 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.

 Print  |    add to Favorites  |    Close