ICIS price reporting for regional Caustic soda markets is unparalleled in its ability to keep you on top of the information you need.
Our network of price reporters delivers direct and regular insights into the local markets they work in.
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We offer the following regional Caustic soda coverage to keep you informed of factors and developments affecting prices in the Asia Caustic soda marketplace.
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Updated to Q3 2017
Supply availability from northeast Asia was stable in July and August; and became much tighter from September, with prices surging in that period. Japanese producers have very limited spot cargoes available till the rest of the year due to contractual obligations. In South Korea, Hanwha had production issues in August which kept it away from the spot market; while LG had a turnaround in early September that limited its supplies. In China, production was curbed by poor margins from chlorine, a co-product of caustic soda.
Demand was robust in Q3 in many regions around the world. In China, demand from alumina producers, major buyers of the cargoes, was booming. Alumina prices in China were on an uptrend in Q3 and operating rates were high, therefore boosting the demand for the cargoes. In southeast Asia, demand was also very strong, especially in Indonesia and the Philippines. Elsewhere, demand for Asian cargoes from Australia was also strong, especially after Hurricane Harvey hit the United States which cut off supplies from North America to the country.
ICIS publishes a weekly report on the caustic soda liquid market in the Asia-Pacific. The report tracks free on board (FOB) northeast Asia (NE Asia) and cost & freight (CFR) southeast Asia (SE Asia) prices, respectively.
ICIS pricing assesses caustic soda liquid prices on a 100% dry basis and the price range covers products of all grades.
Prices are assessed based on information supplied by our extensive leads and market sources, which include buyers, producers and traders.
Upstream and downstream market developments are taken into consideration as they can influence prices significantly.
The report offers market commentary, which includes details of transactions, news on the supply and demand balance, export and import information, contract price negotiations and general market sentiment.
In addition, prices that relate to the domestic market in China are mentioned in the report. Where relevant, there is information on production issues, as well as plant outages and turnarounds.
We provide subscribers with a comprehensive overview of the market situation. Many subscribers use our prices as a benchmark, while others use our reports as a reference for their pricing or procurement positions.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Caustic soda. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Caustic soda, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.