1. Price Trend
The price of caustic soda remained stable this week. The average market price from the beginning of the week to the end of the week was 2.69% lower than the same period last year.
2. Market Analysis
This week, the overall domestic caustic soda price is temporarily stable. The caustic soda price in Hubei is temporarily stable, and the caustic soda price in Shandong is consolidating. Downstream alumina domestic alumina prices remain in a narrow consolidation trend, because the late content of alumina is not as high as expected, the downstream is stable in production and supply, and the market is limited in the amount of spot goods available. Overall, the price of alumina is mainly consolidating.
In May 2024, China imported 3,024.37 tons of liquid caustic soda, an increase of 2,980.865 tons from the previous month, a month-on-month increase of 6,851.78%. In May 2024, China exported 275,644.752 tons of liquid caustic soda, an increase of 159,554.972 tons from the previous month, a month-on-month increase of 137.44%.
According to monitoring, in the 25th week of 2024 (June 17-June 21), there were 0 commodities that rose, 4 commodities that fell, and 3 commodities that rose or fell to 0. The main commodities that fell were: PVC (-1.28%), light soda ash (-0.71%), and baking soda (-0.51%). The average increase or decrease this week was -0.43%.
The price of caustic soda is consolidating this week. The capacity utilization rate of caustic soda is expected to be around 85.5% this week, and the capacity utilization rate may increase. Downstream alumina is mainly purchased on demand. Based on the supply and demand game, it is expected that caustic soda may maintain a consolidation trend in the later period, depending on the downstream market demand.
Post time: Jun-24-2024