During the third week of March xxxx, Caustic Soda declined after remained upswing in the previous weeks prices in Asia. The Chinese market faced persistent weaknesses, with tepid demand from the Alumina sector weighing on price movements. In key, production regions, caustic soda prices varied based on supply levels and local demand.
In Asia, Caustic Soda prices remained upward in the initial weeks as maintenance shutdowns by major manufacturers eased slightly the inventory pressure and reduced overall market supply. Qingdao Haiwan Chemical Co.,ltd underwent maintenance shutdown for xx days in March xxxx with a total production capacity of xxxxx TPM. However, with rising prices, downstream consumers, particularly in the Alumina industry shown resistance. Thus, sluggish downstream demand exacerbated a weak trading atmosphere and prompted a lower Caustic Soda price trend as the market participants opted to purchase Caustic Soda only on a need basis in...
