Price trend
According to the Commodity Analysis System of SunSirs, the prices of flake caustic soda were strong this week. The average market price from the beginning of the week to the weekend was 3,300 RMB/ton, a year-on-year decrease of 27.47%. It maintained a strong market this week.
Upstream caustic soda
According to the Commodity Analysis System of SunSirs, the price of caustic soda remained stable and fluctuated slightly this week. The average market price in Shandong from the beginning of the week to the weekend was 752 RMB/ton, a 30.37% decrease compared to the same period last year.
Market outlook
Analysts from SunSirs believe that the overall price of caustic soda increased this week, and manufacturers in the northwest region reduced their supply due to parking and maintenance. There was a certain upward trend in the quotation, but the actual downstream purchases were on demand recently, and the purchasing enthusiasm was average. The supply-demand gamed, and the price was firm. Overall, the price of flake caustic soda may remain strong in the short term, depending on downstream market demand.
