The domestic caustic soda market continues to show a weak trend, with prices remaining under pressure across various regions. Despite multiple price reductions in different areas, the overall business sentiment has not improved significantly. The market atmosphere remains bearish, as low-cost sources from northern regions continue to influence downstream markets. In the southwest and southern regions, including Sichuan, Chongqing, and Fujian, prices have recently dropped further. Major demand sectors such as alumina, paper, and textile industries have not shown any signs of recovery, leaving the supply-demand imbalance unresolved. As a result, there is still potential for further downward movement in local caustic soda prices.
In Sichuan, the caustic soda market has seen a temporary stabilization after a recent decline. The current ex-factory price for 32% ion-exchange membrane caustic soda is reported at 2050–2150 yuan/ton (100%), while 50% ion-exchange membrane caustic soda is priced at 2100–2150 yuan/ton (100%). Local chlor-alkali plants are operating normally, but downstream industries like alumina, papermaking, and fine chemicals have not experienced strong demand. As a result, market transactions remain stable, and the outlook suggests that the Sichuan market will likely remain consolidated in the near term.
Gansu Province, on the other hand, is facing significant pricing pressure. The mainstream ex-factory price for 2% ion-exchange membrane caustic soda is around 1400–1450 yuan/ton (100%), while 50% ion-exchange membrane caustic soda is priced at 1450–1550 yuan/ton (100%). Due to lower prices from neighboring regions, local producers are struggling to maintain their margins. Some manufacturers are even selling at reduced prices to stay competitive, which has raised concerns among traders about the future outlook of the market.
In Inner Mongolia, the caustic soda market has seen a narrowing price range. The ex-factory price for 32% ion-exchange membrane caustic soda is reported at 1400–1450 yuan/ton (100%), while 48–50% ion-exchange membrane caustic soda is priced at 1450–1600 yuan/ton (100%). Production levels remain steady, and the market supply is adequate. Most of the product is either consumed by downstream industries or sold to local and surrounding alumina companies. Overall, the supply and demand situation is relatively balanced, and it is expected that the market will see limited price adjustments in the coming period.
Tianjin’s caustic soda market remains stable, with the ex-factory price for 32% ion-exchange membrane caustic soda at 1850–1950 yuan/ton (100%) and 45–49% ion-exchange membrane caustic soda at 1850–2000 yuan/ton (100%). Market activity is generally good, but the broader domestic caustic soda market has been sluggish. Export demand has also remained weak, suggesting that the market may face continued challenges in the near future. With no major positive developments on the horizon, the overall trend is likely to remain downward.
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