According to the Commodity Analysis System of SunSirs, the prices of flake caustic soda were strong this week. At the beginning of the week, the price was 3,600 RMB/ton, while at the weekend, the price was 3,625 RMB/ton, with a price increase of 0.69% and a year-on-year decrease of 21.2%. The flake caustic soda maintained a strong market this week.
Upstream caustic soda
According to the Commodity Analysis System of SunSirs, the price of caustic soda had risen this week. At the beginning of the week, the average market price in Shandong was 819 RMB/ton, and on the weekend, the average market price in Shandong was 905 RMB/ton, with a price increase of 10.87% and a decrease of 13.36% compared to the same period last year.
Analysts from SunSirs believe that this week, the flake caustic soda market was consolidating at a high level, the quotations were firm, and downstream demand had been on the sidelines recently. The supply and demand gamed, overall, the price of flake caustic soda may maintain a high level of consolidation in the short term, depending on downstream market demand.