Price trend

According to the Commodity Analysis System of toodudu, the price of flake caustic soda slightly increased this week. At the beginning of the week, the average market price was 3,137.5 RMB/ton, while on the weekend, the average market price was 3,187.5 RMB/ton, with a price increase of 1.59% and a year-on-year decrease of 29.17%. The market maintained an upward trend this week.

Upstream caustic soda

According to the Commodity Analysis System of toodudu, the price of caustic soda had declined this week. At the beginning of the week, the average market price in Shandong was 766 RMB/ton, and on the weekend, the average market price in Shandong was 744 RMB/ton, a decrease of 2.87%, and a decrease of 32.36% compared to the same period last year.

Market outlook

Analysts from toodudu believe that the overall price of flake caustic soda had risen this week, and new orders of manufacturers in the northwest region were mainly upward. However, the actual downstream demand had recently been purchased on demand, and the purchasing enthusiasm was average. The supply and demand gamed, whether the price can rise in the later stage depends on the market transaction situation. Overall, the price of caustic soda may be consolidated in the short term, depending on downstream market demand.

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