Weak market of Chinese Caustic Soda last week (Apr.5-Apr.9)

The price of Caustic Soda was mainly weak. At the beginning of the week, the average price of Shandong market was about 490 CNY / ton, and at the weekend, the average price was 467.5 yuan / ton, down 4.59%, and 11.79% compared with the same period last year. On April 8, the commodity index of caustic soda was 67.27, which was the same as yesterday, decreased by 67.48% compared with 206.87 (2017-11-14), the highest point in the cycle, and increased by 3.32% compared with 65.11, the lowest point on October 9, 2020. (Note: period refers to the period from September 1, 2011 to now).

The market performance of liquid chlorine in the upstream of Sodium Hydroxide is fair this week, and generally speaking, it mainly operates in a narrow range in the later period. From the downstream of Sodium Hydroxide, aluminum, paper and other industries adhere to the demand-based procurement, a strong wait-and-see attitude.

Now the sale situation of caustic soda enterprises is not warm, the downstream demand situation is light and stable, and the wait-and-see atmosphere is strong. It is expected that the follow-up operation of caustic soda will mainly fluctuate slightly, depending on the downstream market demand.