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Updated to Q4 2016
In the fourth quarter of 2016, Asian caustic soda prices continued its uptrend from the end of the third quarter to average at a multi-year high of $420/dmt FOB (free on board) NE (northeast) Asia on 9 December.
Caustic soda supply remained extremely tight in northeast Asia, against stable demand. Small spot volumes were available from South Korea and southeast Asia but did little to ease the tight supply situation. Export volumes from Japan remained limited, while offers from the largest export market China were extremely high due to surging domestic prices. Although domestic China prices hit a price ceiling in December, they were still extremely attractive compared to spot prices to the Chinese producers.
Spot demand came mostly from southeast Asian and US West Coast buyers. While Indian buyers were interested in purchasing Asian volumes, spot prices in Asia had long since ballooned beyond their reach.
Spot caustic soda export prices in northeast and southeast Asia firmed from an average of $337.50/dmt FOB NE Asia and $385/dmt CFR (cost & freight) SE (southeast) Asia at the start of fourth quarter to $420/dmt FOB NE Asia and $470/dmt CFR SE Asia on 9 December.
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.