Price trend
According to the Commodity Analysis System of SunSirs, the price of flake caustic soda slightly increased this week. At the beginning of the week, the average market price was 3,087.5 RMB/ton, while on the weekend, the average market price was 3,125 RMB/ton, with a price increase of 1.21% and a year-on-year decrease of 33.04%. The market of flake caustic soda maintained an upward trend this week.
Upstream Caustic Soda
According to the Commodity Analysis System of SunSirs, the overall price of caustic soda remained weak this week. At the beginning of the week, the average market price in Shandong was 780 RMB/ton, while on the weekend, the average market price in Shandong was 766 RMB/ton, a decrease of 1.79%, and a decrease of 34.42% compared to the same period last year.
Market outlook
Analysts from SunSirs believe that the overall price of flake caustic soda rose this week, and traders in Shandong region were interested in adjusting prices. However, the actual downstream recently purchased on demand, and the purchasing enthusiasm was average, supply and demand gamed. Overall, the price of flake caustic soda may be consolidated in the short term, depending on downstream market demand.
