Price trend

According to the Commodity Analysis System of toodudu, the prices of caustic soda were strong this week. From the beginning of the week to the weekend, the price was 3,600 RMB/ton, with a price increase of 2.24% and a year-on-year decrease of 21.74%. Maintain a strong market this week.

Upstream caustic soda

According to the Commodity Analysis System of toodudu, the price of caustic soda had risen this week. At the beginning of the week, the average market price in Shandong was 795 RMB/ton, and on the weekend, the average market price in Shandong was 815 RMB/ton, with a price increase of 2.52% and a decrease of 22.53% compared to the same period last year.

Market outlook

Analysts from toodudu believe that this week, the flake caustic soda prices were consolidating at high levels, the quotations were firm, and downstream demand was more active than before. In the game of supply and demand, the enthusiasm for downstream market entry was high. Overall, the price of flake caustic soda may maintain a strong market in the short term, depending on the downstream market demand.

If you have any questions, please feel free to contact toodudu with tdd-global@toodudu.com.