In Asia, the caustic soda Price Index was stable in major regions. Most of the Chinese producers kept on implementing early term orders with minimal fresh buying interest. The demand from the aluminium and non-aluminium industries remained moderate, maintaining market balance.
Even though alumina prices continued to fluctuate, a major downstream industry, the caustic soda prices in Asia did not suffer because demand recovery was slow. Market participants noted that while aluminium industry profits increased during June, leading to some positive sentiments, the alumina market continues to be in excess supply in xxxx. Consequently, the consumption of caustic soda has still not displayed any significant increase.
Analysts project the Asian caustic soda market to persist in demonstrating steady pricing in the near term with limited scope for sudden moves unless downstream industries such as alumina or chemicals experience substantial demand...
