Chinese Caustic soda was under weak market operation last week

The average price of Caustic Soda was 467.5 CNY / ton at the beginning of last week and 460 CNY / ton at the end of last week, with a price drop of 1.6% and 13.21% compared with the same period last year. On April 15, the commodity index of caustic soda was 66.19, which was the same as yesterday, decreased by 68.00% compared with 206.87 (2017-11-14), the highest point in the cycle, and increased by 1.66% compared with 65.11, the lowest point on October 9, 2020. (Note: period refers to the period from September 1, 2011 to now)

From the downstream of caustic soda, aluminum oxide, paper and other industries adhere to the demand-based purchasing, a strong wait-and-see attitude. The price of caustic soda lacks strong support, and the price of caustic soda is weak.

It is expected that the follow-up operation of caustic soda will mainly fluctuate slightly, depending on the downstream market demand.