Price trend

According to the Commodity Analysis System of toodudu, the price of caustic soda had been consolidating this week, with an average market price of 784 RMB/ton at the beginning of the week and 782 RMB/ton at the end of the week. The price had decreased by 0.26%, and a decrease of 28.78% compared to the same period last year.

On February 3rd, the chlor alkali index was 1,029 points, a decrease of 3 points from the previous day, a decrease of 51.64% from the highest point in the cycle of 2,128 points (2021-10-24), and an increase of 44.52% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present)

Analysis review

According to the Commodity Analysis System of toodudu, the domestic caustic soda prices had been weak this week. The price of caustic soda in Shandong region was currently stable, with a mainstream market price of around 730-800 RMB/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Jiangsu region was currently stable, with a mainstream market price of around 800-860 RMB/ton for 32% ion exchange membrane caustic soda. This week, the overall price of caustic soda had remained stable, and downstream purchases were still more on demand, with average purchasing enthusiasm.

According to the price monitoring of toodudu, in the 5th week of 2024 (1.29-2.2), there was 1 commodity that rose, 5 commodities that fell, and 1 commodity that rose or fell to 0 on the chlor alkali industry price list. The main rising commodities include: caustic soda (0.51%); the main commodities falling include hydrochloric acid (-5.41%), light soda ash (-0.42%), and caustic soda (-0.26%). The average increase and decrease this week was -0.82%.

Market outlook

Analysts from toodudu believe that recently, the price of caustic soda had been consolidating this week, and downstream alumina was replenished as needed without any positive support. It is expected that caustic soda will continue to consolidate in the future, depending on downstream market demand.

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