January 27th news: On January 27th, the trading atmosphere for liquid caustic soda in the Xinjiang region showed some improvement. The mainstream ex-factory price for 32% ion-exchange membrane caustic soda was around 3,150 yuan/ton (on a 100% basis), while the mainstream ex-factory price for 50% ion-exchange membrane caustic soda was around 3,250 yuan/ton (on a 100% basis). Manufacturers primarily sold to downstream customers in surrounding areas.
Chempricehub analysis of caustic soda: Bull-bear score: +1.5
The trading atmosphere for liquid caustic soda in the Xinjiang region improved, with the mainstream ex-factory price for 32% ion-exchange membrane caustic soda at 3,150 yuan/ton (on a 100% basis) and 50% ion-exchange membrane caustic soda at 3,250 yuan/ton (on a 100% basis). This indicates an increase in downstream demand, active sales by manufacturers, and support for spot prices, which is favorable for the spot market.
Combined with futures market conditions, the main caustic soda contract 2605 closed at 2,236 yuan/ton, up 33 yuan. Changes in open interest indicate strengthening bullish sentiment in the market. The recovery in spot demand may further drive futures prices upward. Therefore, a score of +1.5 is given, indicating a relatively strong positive outlook. It is expected that prices will remain stable with a slight upward trend in the short term.