This week’s consolidation of caustic soda prices (5.6-5.11)

According to the commodity analysis system of Business Society, the price of caustic soda has been consolidating this week, with an average market price of 3350 yuan/ton from the beginning of the week to the weekend, a decrease of 4.29% compared to the same period last year. On May 10th, the chlor alkali index was 1004 points, unchanged from yesterday, a decrease of 52.82% from the highest point in the cycle of 2128 points (2021-10-24), and an increase of 41.01% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present)

 

Upstream caustic soda

 

According to the commodity analysis system of Business Society, the price of caustic soda has remained stable this week. The average market price from the beginning of the week to the weekend was around 790 yuan/ton, a decrease of 11.63% compared to the same period last year. The prices of caustic soda in Shandong region have been consolidating, with a mainstream market quotation of around 690-810 yuan/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Jiangsu region is temporarily stable, with a mainstream market quotation of around 810-880 yuan/ton for 32% ion exchange membrane caustic soda. In the near future, downstream purchases will be made on demand, and it is expected that the operation will be mainly volatile in the later stage.

 

Business Society analysts believe that the price of caustic soda has stabilized this week, and downstream demand is average. Traders are actively shipping, but downstream alumina is mostly purchased on demand. Based on the overall supply-demand game, the price of caustic soda may remain volatile in the short term, depending on downstream market demand.

Azodicarbonamide (AC foaming Agent)

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