Price trend
According to the monitoring data of SunSirs, the price of caustic soda was mainly weak. The average price of Shandong market was about 490 RMB/ton at the beginning of the month, and 457.5 RMB/ton at the end of the month, with a price drop of 6.63% and 6.15% compared with the same period last year. On May 6, the commodity index of caustic soda was 65.83, which was the same as previous day, decreased by 68.18% compared with 206.87 (2017-11-14), the highest point in the cycle, and increased by 1.11% compared with 65.11, the lowest point on October 9, 2020(Note: period refers to the period from September 1, 2011 to now)
Analysis review
In April, the price of caustic soda was weak as a whole. The price of caustic soda in Shandong was weak, and the mainstream ex factory price of 32% caustic soda was 390-490 RMB/ton. The company's shipment was tepid, the downstream receiving situation was light and stable, and the wait-and-see atmosphere was strong. It is expected that caustic soda will continue to operate with small fluctuation in the future. In Hebei area, the market of caustic soda fluctuated in a narrow range, and the mainstream ex factory price of 32% caustic soda was 460-590 RMB/ton. The company's shipment was general, and the downstream receiving situation was light and stable, with a strong wait-and-see atmosphere. It is expected that caustic soda will continue to operate with small fluctuation in the future.
Upstream: in April, the market price of domestic liquid chlorine decreased, the market trend was weak, and the wait-and-see mentality was strong. Downstream: from the downstream of caustic soda, the terminal demand aluminum, paper industry and other industries mainly purchased on demand, and the wait-and-see attitude was still strong. The price of caustic soda lacked strong support, and the price of caustic soda was weak.
According to the price monitoring of SunSirs, in April 2021, there were 2 kinds of commodities rising, 2 kinds of commodities falling, and 1 kind of commodities with zero rise and fall in the price list of chlor alkali industry. The main commodities rising were calcium carbide (8.33%) and PVC (3.17%); the main commodities falling were hydrochloric acid (- 6.85%) and caustic soda (- 6.63%).The average increase and decrease this month was -0.4%.
Market outlook
SunSirs analysts believe that recently, the price of upstream liquid chlorine has declined, and now the shipment of caustic soda enterprises is tepid, and the situation of downstream reception is weak and stable, and there is a strong wait-and-see atmosphere. The actual transaction atmosphere is light, and it is expected that caustic soda will still fluctuate slightly in the future, depending on the downstream market demand.
