Group 1 - The core viewpoint is that the caustic soda market is experiencing a shift towards a stronger price trend due to supply reductions, increased demand, and recovering exports [2][6] - Since July, the market sentiment for caustic soda has been bullish, with futures prices rebounding significantly after hitting a low, with the 2601 contract increasing by over 500 yuan/ton [2] - The supply of caustic soda is expected to decrease due to maintenance schedules for several production facilities, which will support prices [2][6] Group 2 - The demand for caustic soda is anticipated to rise during the "golden September and silver October" period, driven by increased operating rates in industries such as alumina, viscose staple fiber, and lithium hydroxide [4] - As of late August, the domestic alumina operating rate has risen to approximately 85%, an increase of over 15 percentage points from previous lows, with further increases expected [4] - Exports of caustic soda have also shown significant growth, with July exports reaching 30.78 million tons, markedly higher than the same period last year, and cumulative exports from January to July totaling 203.3 million tons, indicating a strong export outlook for the fourth quarter [4][6]
烧碱 短期偏强运行
Qi Huo Ri Bao·2025-08-28 00:17