February 6th News
On February 6th, the trading atmosphere in the caustic soda flake market in South China remained sluggish. The current actual transaction price in the local market is approximately 3,100–3,200 RMB/ton, with downstream users purchasing mainly based on demand.
Chempricehub Analysis of Caustic Soda
Bull-Bear Score: -1
The article points out that the trading atmosphere in the caustic soda flake market in South China is sluggish, with actual transaction prices ranging from 3,100 to 3,200 RMB/ton. Downstream purchases are primarily demand-driven, indicating weak demand and exerting downward pressure on spot prices. Combined with recent futures contract data for caustic soda (e.g., the settlement price of the 2603 contract is 1,943 RMB/ton, down by 21 RMB), the weakness in the spot market may reinforce expectations of a decline in futures prices. It is expected that prices will remain weak in the short term.
The score is -1 (generally bearish) due to insufficient demand putting pressure on prices, although no significant supply-demand imbalance event has occurred.