Sinochem Xinxin reported that the overall performance of the domestic caustic soda market was stable, but there were signs of boost. There are many favorable factors in the current market, especially the demand and export performance is outstanding, or it will stimulate the market of caustic soda to rise.
The recent domestic spot prices of alumina have shown a positive trend of upward adjustment. Although alumina companies in certain regions have reduced their demand for caustic soda due to parking and limited production, their strong market trend can still support the caustic soda's improvement. Liquefied alkaline export enterprises in the coastal areas have been brewing price increases, especially in the Jiangsu region where liquid alkali supplies are in a state of tension and the market price is relatively high. Therefore, they are taking a wait-and-see attitude toward the export market and temporarily quoting externally. At the same time, the overhaul of some large Asian suppliers has tightened the supply, and the increase in confidence in price increases will inevitably drive up the price of domestic caustic soda. In addition, the downstream textile, printing and dyeing industries have stepped out of the demand off-season, energy-saving emission reduction policies have eased, are all stimulated the domestic caustic soda market is a strong factor.
This year, the chlor-alkali industry is facing a more complicated situation. To enable enterprises to fully understand the current macroeconomic trends of the country and to keep abreast of the latest developments in domestic and foreign industries, the China Chlor-Alkali Industry Association will hold the 11th China Chlor-Alkali Forum in Hangzhou, Zhejiang from November 17 to 19. In order to discuss possible future changes in the macroeconomic and policy environment.