SunSirs: The Price of Flake Caustic Soda Slightly Increased This Week (February 18-23)

Price trend

According to the commodity analysis system of SunSirs, the price of flake caustic soda slightly increased this week. At the beginning of the week, the average market price in Shandong was 3,316.67 RMB/ton, and on the weekend it was 3,350 RMB/ton. The price increased by 1%, but decreased by 17.79% compared to the same period last year.

According to the price monitoring of SunSirs, on February 22, 2024, there was one commodity that rose, two commodities that fell, and four commodities that rose or fell to zero in the chlor alkali industry price list. The main rising commodities include: caustic soda (0.50%); The main commodities falling are: light soda ash (0.44%) and sodium bicarbonate (0.02%). The average daily increase and decrease was 0.01%.

Upstream caustic soda

According to the Commodity Analysis System of SunSirs, the price of caustic soda had remained stable this week, with an average market price of 782 RMB/ton from the beginning of the week to the weekend, a decrease of 0.26%, and a decrease of 15.18% compared to the same period last year. The price of caustic soda in Shandong region was temporarily 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 temporarily stable, with a mainstream market price of around 800-860 RMB/ton for 32% ion exchange membrane caustic soda.

Market outlook

SunSirs’ analysts believe that the price of flake caustic soda had slightly increased this week, with downstream demand recovering after the end of the Spring Festival. However, actual demand was limited. Overall, the price of flake caustic soda may remain stable in the short term, depending on downstream market demand.