1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda increased in early September. At the beginning of the month, the average market price was 829 yuan/ton. On September 12th, the average market price was around 833 yuan/ton, with a price increase of 0.48% and a year-on-year decrease of 0.6%.
2、 In terms of market conditions
According to the commodity analysis system of Shengyi Society, the price of caustic soda rose in early September.
3、 Supply side
At the beginning of September, the market showed an upward trend, with some areas experiencing some improvement in transaction conditions. The maintenance of some facilities in Shandong had a significant boost to market prices, and there was not much pressure on enterprise inventory. Data shows that as of September 5, 2024, the inventory of liquid alkali sample enterprises with a capacity of 200000 tons or more in their factory warehouses nationwide was 286900 tons (wet tons), a decrease of 2.61% compared to the previous period.
4、 In terms of demand
In early September, downstream alumina prices continued to show a stable to strong trend. Some aluminum plants that have a demand for replenishment have concentrated their purchases in the market, driving the price of caustic soda to continue to rise. Alumina continues to be in a tight pattern, and there may still be a demand for replenishing caustic soda.
Business analysts believe that in the near future, the price of caustic soda rose in early September, and inventory in the Shandong region remained relatively low, coupled with some downstream purchasing intentions increasing. In the later stage, the supply side’s early maintenance equipment gradually resumed normal production, but there were no obvious maintenance equipment in the later stage, and the supply of goods showed a regional increase. On the demand side, the main downstream alumina enterprises’ essential procurement has provided certain support for the caustic soda market, while the demand of other downstream industries has slightly increased. The overall demand side has improved compared to the previous period. From the perspective of both supply and demand, there is not much overall change, and it is expected that caustic soda will continue to maintain a strong operating market in the later stage, depending on downstream market demand.
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