The domestic caustic soda market is mainly operating stably. The willingness to trade in the caustic soda market is not high, and the transactions are tepid. The operating price of the 32% ionic membrane alkali caustic soda market in Shandong region is stable, with a quoted price of about 580-650 RMB/ton. Caustic soda companies have equipment to stop, the market supply is reduced, and the trading atmosphere is flat. It is expected that the market will consolidate within a short period of time. The caustic soda market in Jiangsu region is operating steadily for the time being. The mainstream of 32% alkali market is 630-740 RMB/ton. The market is relatively stable, operating at low load, and trading is mainly stable. The domestic caustic soda market is generally stable. Demand side performance is not good, downstream alumina support for caustic soda is limited. At present, the start of business is slowly recovering. The supply side may increase, and the market may show oversupply. toodu...

PTI NEW DELHI: Gujarat Alkalies and Chemicals Ltd (GACL) today said its board has approved setting up of a caustic soda plant along with 130 MW coal-based power unit in Gujarat with an investment Rs 1,936.90 crore. In a meeting held yesterday, the Board of Directors of GACL have also approved setting up of a 15 MW solar power plant on EPC basis at an estimated project cost of Rs 100 crore. In a BSE filing, GACL said, “The Board considered the revised draft project report (DPR) due to change in location of the project from plot no CH-17 Dahej to plot no 1-II/9 Dahej and approved the establishment of a 2,66,667 tonnes per annum caustic soda plant along with 130 MW power plant at revised cost of Rs 1,936.90 crore.” A joint venture firm GACL-NALCO Alkalies and Chemicals was formed in December 2015 to set up caustic soda unit and power plant. In the filing, GACL said, “The board also approved the setting up of caustic pumping and transfer facility along with procurement ...