Domestic caustic soda market weakens consolidation

The domestic caustic soda market weakened. We heard that Shandong Weiqiao's procurement of liquid caustic soda prices dropped to around 490 yuan/ton, aggravating the bearish sentiment in the local market, and that short-term chlor-alkali manufacturers had no price adjustments, and they were mostly waiting to see the market.

The stocks of downstream alumina companies are high, and the overall shipment status is poor. The performance of printing, dyeing and chemical fiber industries is sluggish. The contradiction between the supply and demand of caustic soda continues to plague the market. It is expected that the caustic soda market outlook will be difficult to be optimistic.

The caustic soda market in Zhejiang is low, and 30% of the ionized alkali in the area is sent to the price of 700-710 yuan/ton, and 32% of the ion alkali is sent to the price of 730-740 yuan/ton. The market turnover is not good. Local chlor-alkali enterprises have normal production, new start-up companies have started smoothly, and the market supply and demand contradictions are still outstanding. It is expected that the caustic soda market outlook will be dominated by the low position.

The caustic soda market in Inner Mongolia is temporarily stable. The mainstream ex-factory prices for 30-32% ionized membranes are reported at 1200-1250 yuan/ton (100%), and the mainstream ex-factory price for 48-50% ionized membranes is at 1250-1350 yuan/ton ( 100%), the majority of caustic soda enterprises in the province started at full capacity, and the liquid caustic soda market has sufficient supply to supply downstream alumina and papermaking industries in the local and surrounding areas. The overall turnover of the market is moderate, and it is expected that the caustic soda market will hardly pick up.

The caustic soda market in Guangdong continued to be light and stable. The primary traders of this place had 32% of the ionophores in the local mainstream tanks reported at 700-750 yuan/ton, and 49% to 50% of the ionophores in the mainstream tanks reported at 1080-1100 yuan/ Ton. The local caustic soda market is mainly sourced from outside sources, and the overall supply is sufficient. Downstream ceramics, papermaking, electroplating and other needs are not strong. Market transactions are general, and the short-term caustic soda market is still difficult to improve.

The caustic soda market in Sichuan is narrowly sorted, and the mainstream ex-factory price for 30% ion-exchange membrane base is reported at 1700-1750 yuan/ton (100%), and the mainstream ex-factory price for 50% ion-exchange membrane base is 1850-1900 yuan/ton (or one hundred percent). The local chlor-alkali enterprise plant started to work normally, and there was no demand for downstream alkalinity industries such as alumina consumption. It is expected that the caustic soda market will maintain its consolidation pattern in the near term.