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July 10, 2023
In the first half of 2023, the overall price of Caustic Soda was weak. At the beginning of the year, the average market price was around 1128 yuan/ton. On June 30th, the price of caustic soda was around 792 yuan/ton, and the price fell by nearly 30% in half a year. Looking ahead to the future, domestic caustic soda prices are mainly stagnant, and the overall market situation is weak. Although several companies underwent maintenance in July, the early maintenance companies have gradually resumed production, and the supply of caustic soda is still relatively sufficient. Moreover, downstream alumina enterprises are operating relatively steadily, with fewer spot transactions and average purchase orders. Therefore, the price of caustic soda in the later stage is not optimistic, or it is mainly focused on maintaining a weak market, and specific attention should be paid to downstream market demand.
On the demand side: The downstream of caustic soda mainly includes alumina, textile and papermaking, followed by chemical, Water Treatment, pharmaceuticals, printing and dyeing, light industry, etc. The alumina industry accounts for 31% of the demand for caustic soda. Recently, the price of alumina has been relatively stable, and spot transactions have been average. Some alumina enterprises have limited production capacity, and the newly added production capacity has been delayed, resulting in alumina enterprises mainly purchasing caustic soda on demand.
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The above is the The price of caustic soda in the first half of 2023 may fluctuate and decline, but in the later stage, it may not be optimistic we have listed for you. You can submit the following form to obtain more industry information we provide for you.
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