logo
logo
Sign in

Caustic Soda Prices, News, Demand & Supply | ChemAnalyst

avatar
ChemAnalyst

In Q4 2023, the Caustic Soda market in North America experienced an upward trajectory, influenced by multiple factors affecting both the market and prices. One significant driver of the October surge was a supply shortage, particularly evident in the US market, leading to price hikes.


Despite a sluggish economic recovery, domestic and regional demand for Caustic Soda remained strong, notably propelled by the downstream Aluminum and cleaning industries. However, the weak US dollar contributed to heightened input costs, exerting pressure on market players in the US.


Throughout the second half of the quarter, Caustic Soda prices saw marginal downstream demand from the Aluminum segment, while market players' destocking sentiments weighed on price momentum. Prices stabilized in December 2023 due to a temporary halt in production activities.


As of December 2023, the latest price of Caustic Soda 50% Liquid FOB Texas in the USA stands at USD 329/MT. The price trend for the USA in Q4 2023 is anticipated to be bullish, with supply ranging from low to moderate and demand from moderate to high. Overall, the Caustic Soda market in North America remained volatile, with diverse factors influencing prices throughout the fourth quarter.


Track Real Time Caustic Soda Prices: https://www.chemanalyst.com/Pricing-data/caustic-soda-3


In Europe, Caustic Soda prices followed an overall upward trajectory throughout Q4 2023, driven by increased downstream orders from the aluminum processing and textile sectors. This positive trend was further bolstered by slight relief from high-interest rates and alleviated inflationary pressures at the beginning of the quarter.


The European downstream market exhibited signs of recovery in October 2023, fueled by heightened construction and infrastructure development activities. Both government and private investors played a role in this recovery by allocating funds to construction projects. Amid market uncertainty, some chlorine producers announced plant shutdowns, prompting Caustic Soda players to exercise caution by limiting production rates, thereby leading to price hikes due to supply shortages.


Caustic Soda pricing dynamics were influenced by short supply, rising input costs, and an economy that depreciated towards the end of the quarter. Kem One, a prominent player in the French chemical industry, strategically halted operations at its chlorine and Caustic Soda production facilities. The Lavera facility boasts an annual production capacity of 341,382 tonnes of chlorine and 333,373 tonnes of Caustic Soda, while the Fos facility produces 635,710 tonnes of chlorine and 2,202,200 tonnes of Caustic Soda annually.


Overall, the increase in Caustic Soda prices during the fourth quarter of 2023 was mainly due to supply constraints in the region. The price for Caustic Soda Flakes was quoted at USD 412/MT, FOB Hamburg (Germany) in December 2023.


About Us:


ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.


Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.


The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.


ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.


Contact Us:

420 Lexington Avenue, Suite 300

New York, NY

United States, 10170

Email-id: [email protected]

Mobile no: +1-3322586602


collect
0
avatar
ChemAnalyst
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more