March 17 News
On March 17, Shandong Luxi Chemical increased the price of liquid caustic soda by RMB 10/ton, with the 32% ion-exchange membrane alkali quoted at RMB 710/ton. The 400,000-ton/year chlor-alkali plant is operating normally.
Chempricehub Analysis of Caustic Soda, Bull-Bear Score: 1
The article reports that the spot price of liquid caustic soda from Shandong Luxi Chemical has risen by RMB 10/ton, with a quoted price of RMB 710/ton, indicating improved market demand or stronger cost support, which is favorable for spot prices. The normal operation of the plant ensures stable supply and does not create additional bearish pressure. Combined with the recent settlement price of the main caustic soda futures contract, such as the 2605 contract at RMB 2,590/ton (up RMB 27 from the previous day), the rise in spot prices may further drive futures prices upward, generally forming a mildly positive impact on the caustic soda market.
Comments
0