This week, the caustic soda price remains stable (10.20-10.24)

October 24, news

I. Price Trends

According to the commodity analysis system, the caustic soda prices in China remained stable this week. The average market price from the beginning to the end of the week was 848 CNY/ton, a decrease of 18.54% compared to the same period last year. On October 23, the chemical index was 755 points, up 1 point from yesterday, down 46.07% from the highest point of 1400 points (October 23, 2021), and up 26.25% from the lowest point of 598 points on April 8, 2020. (Note: The period refers to December 1, 2011, to the present.)

II. Market Analysis

According to the commodity analysis system, the caustic soda prices in China remained stable this week. In Shandong, the mainstream market price for 32% ion-exchange membrane caustic soda is around 770-890 CNY/ton. In Jiangsu, the caustic soda prices are stable, with the mainstream market price for 32% ion-exchange membrane caustic soda around 890-1000 CNY/ton. In Inner Mongolia, the caustic soda prices are consolidating, with the mainstream market price for 32% ion-exchange membrane caustic soda (converted to 100%) around 2700-2800 CNY/ton. In the Shandong region, the supply and demand pressure is not significant, and there is no noticeable fluctuation in the supply from enterprises. The recent decline in alumina prices has led to pessimism among dealers, and some enterprises are facing greater operational pressures, resulting in mostly on-demand purchases of caustic soda.

Analysts believe that recently, the caustic soda prices have been operating in a certain range. Recently, downstream sectors in China have mostly been purchasing according to their needs, and caustic soda producers are not under significant supply and demand pressure. The overall supply and demand dynamics suggest that caustic soda prices will likely maintain a stable trend in the future, depending on the specific demands of the downstream market.