Price trend
According to the Commodity Analysis System of SunSirs, the price of flake caustic soda was weak this week, with an average market price of 3,212.5 RMB/ton at the beginning of the week and 3,175 RMB/ton at the weekend. The price fell by 1.17%, and a year-on-year decrease of 33.85%. The flake caustic soda maintained a weak market trend this week.
Upstream caustic soda
According to the Commodity Analysis System of SunSirs, the overall price of caustic soda was weak this week. At the beginning of the week, the average market price in Shandong was 880 RMB/ton, while on the weekend, the average market price in Shandong was 846 RMB/ton, a decrease of 3.85%, and a decrease of 32.75% compared to the same period last year. As of 16th, the average market price in Shandong region was around 760-860 RMB/ton. The mainstream factory quotation for 32% liquid caustic soda in Hebei region was around 770-900 RMB/ton.
Market outlook
Analysts from SunSirs believe that the flake caustic soda market was operating in a weak state this week, and the market trading atmosphere was average. Downstream demand purchasing was on demand recently, and the purchasing enthusiasm was average. Overall, the price of flake caustic soda may be consolidated in the short term, depending on downstream market demand.
