Price trend

According to the monitoring data of toodudu, the price of caustic soda increased this week. The average market price at the beginning of the week was 4,500 RMB/ton, and the average market price at the weekend was 4,550 RMB/ton, a price increase of 1.11% and a year-on-year decrease of 21.55%.

Analysis review

According to the monitoring data of toodudu, the price of caustic soda was temporarily stable. The average market price in Shandong from the beginning of the week to the weekend was 1,080 RMB/ton, and the price has increased by 66.8% compared with the same period last year. According to the survey data of toodudu, the domestic price of caustic soda was temporarily stable this week. The average market price in Shandong was around 1,030-1,100 RMB/ton. The mainstream ex-factory quotation of 32% liquid caustic soda in Hebei was around 1,090-1,250 RMB/ton. The market maintained a weak and stable trend, and downstream enterprises mainly took a wait-and-see attitude. The company’s shipments were general, and the wait-and-see mood in the field was relatively heavy, and the downstream receiving capacity was limited. Due to lower prices, manufacturers were willing to raise prices.

Market outlook

The analyst of toodudu believes that the overall transaction in the northwest region of China is better than the previous period, the supply of goods on the market is tight, the mentality of the industry is better, and the company’s shipment situation is acceptable. On the whole, the price of flake caustic soda may be running well in the short term, and depending on the demand in the downstream market.

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