Summary: As the Spring Festival approaches, market trading has slowed down, showing a trend of stable fluctuations. Liquid caustic soda saw localized increases, flakes remained stable, and liquid chlorine experienced partial price drops influenced by the Shandong market.

1. Liquid Caustic Soda

On February 11, localized price increases occurred in the domestic liquid caustic soda market.

• North China: Market prices were stable with a slight upward trend. Some enterprises in Shandong pushed prices up slightly due to relieved inventory pressure and poor profit margins caused by low liquid chlorine prices. Other areas in North China remained stable as companies became cautious about price adjustments.

• East & South China: Operations in Jiangsu were steady with active pre-holiday purchasing. Jiangxi maintained low inventory and stable transactions. Demand in Guangdong was quiet, while alumina enterprises in Guangxi showed healthy procurement, resulting in no sales pressure for factories.

• Southwest China: Prices in Chongqing experienced a slight decline due to the impact of low-priced goods from surrounding areas.

2. Caustic Soda Flakes

The caustic soda flakes market is expected to remain horizontal today.

• Supply & Demand: Downstream stockpiling is nearing its end as the holiday nears. Major plants in Inner Mongolia still have foreign trade orders pending production, maintaining moderate shipment levels.

• Price & Logistics: New quotes in Northwest China remained stable with a calm trading atmosphere. Due to the upcoming holiday, logistics vehicles have decreased. The reference price for solid caustic soda in China is 3,068 RMB/ton (Ex-warehouse, including tax).

3. Liquid Chlorine

The domestic liquid chlorine market saw localized declines today, largely affected by price sentiments in Shandong.

• Shandong Region: Plants in Southwestern Shandong maintained stable operations, but prices were lowered by 50 RMB/ton due to mediocre shipments. Other parts of the province remained at low-level consolidation.

• Other Regions: Influenced by the decline in Shandong, prices in Henan and Northern Jiangsu dropped by 50-100 RMB/ton. Despite maintenance in Hubei, limited demand support suggests a potential downward trend. Supply in Jiangxi remains tight, with stable factory shipments.