According to the Commodity Analysis System of Business Society, the price of caustic soda has slightly increased this week. At the beginning of the week, the average market price was 3262.5 yuan/ton, while on the weekend, the average market price was 3287.5 yuan/ton, with a price increase of 0.77% and a year-on-year decrease of 26.4%. Maintain an upward trend this week.
Upstream caustic soda
According to the Commodity Analysis System of the Business Society, the price of caustic soda has stabilized this week. At the beginning of the week, the average market price in Shandong was 737.4 yuan/ton, and on the weekend, the average market price in Shandong was 742 yuan/ton, with a price increase of 0.62% and a decrease of 31.3% compared to the same period last year.
Analysts from Business Society believe that the overall price of caustic soda has increased this week, and the supply of parking and maintenance services by manufacturers in the northwest region has decreased. However, the actual downstream demand has recently been purchased on demand, and the purchasing enthusiasm is average. The supply and demand game, whether the price can rise in the later stage depends on the market transaction situation. Overall, the short-term or sustained consolidation of the price of caustic soda depends on the downstream market demand.
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