According to the commodity analysis system of Business Society, the price of caustic soda has been consolidating this week. At the beginning of the week, the average market price in Shandong was 3673.33 yuan/ton, and on the weekend it was 3683.33 yuan/ton, with a price increase of 0.27% and a decrease of 23% compared to the same period last year.
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 in Shandong from the beginning of the week to the weekend was 836 yuan/ton, a decrease of 23.72% compared to the same period last year. This week, the overall price of caustic soda has remained stable with minor fluctuations, and the production of caustic soda has increased. Downstream purchases are still more on demand, and the purchasing enthusiasm is average.
Business Society analysts believe that the price of caustic soda has stabilized this week, and with the high prices, downstream market entry enthusiasm has become cautious. The supply-demand game, taking into account the short-term or sustained high level consolidation of caustic soda prices, depends specifically on downstream market demand.