Price trend
According to the monitoring data of SunSirs, the price of caustic soda has been operating steadily for the time being. The market price of caustic soda in Shandong from the beginning of the week to the weekend was 647.5 RMB/ton, which was 36.32% higher than the same period last year.
On August 8, the caustic soda commodity index was 93.17, which was the same as previous day, a decrease of 54.96% from the cycle high of 206.87 points (2017-11-14), and an increase of 43.10% from the lowest point of 65.11 on October 9, 2020. (Note: Period refers to 2011-09-01 to present)
Analysis review
The price of caustic soda was operating steadily this week. The price of caustic soda in Shandong rose, and the mainstream ex-factory price of 32% caustic soda is now 620-720 RMB/ton. The downstream mainly purchases on demand, and the caustic soda manufacturers adjust their prices according to their own conditions. It is expected that the caustic soda will be stable mainly in the near future. The price of caustic soda in Hebei fluctuates slightly, and the mainstream ex-factory price of 32% caustic soda is now 650-780 RMB/ton. It is expected that the caustic soda will consolidate mainly subsequently.
Downstream: At present, alumina companies mainly purchase caustic soda on demand, and the prices of caustic soda manufacturers maintain stability. Moreover, the downstream has a psychological resistance to high-priced caustic soda, and the two sides have launched a price game.
According to the price monitoring of SunSirs, in the 31st week (8.2-8.6) of 2021, in the chlor-alkali industry price rise and fall list, there were 0 kinds of commodities that rose, 1 kind of commodities fell, and 4 kinds of commodities had zero rise or fall. The main commodities that fell were: PVC (-0.14%). The average increase and decrease this week was -0.03%.
Market outlook
SunSirs analysts believe that in the near future, the price of caustic soda in Shandong will maintain stable operation, while downstream alumina is mostly purchased on demand. It is expected that caustic soda will consolidate mainly in the near future, depending on the downstream market demand.
