Shouqi Futures: Improving Demand Expectations May Limit Downside for Caustic Soda Futures

K-LinePoet · 2026-03-24T20:31:48+00:00

In February, alumina enterprises experienced widespread losses, with many production enterprises reducing output and conducting maintenance. Alumina procurement activity was mediocre, with purchasing prices being pushed down. In March, alumina raw material ore prices remain weak, and the industry's loss situation may improve. March alumina operating rates may see slight increases, and Q2 is expected to see new alumina capacity coming online. Post-holiday viscose staple fiber operating rates are gradually recovering, and non-aluminum demand may see modest improvement.In March, alumina operating rates have potential for improvement, with new capacity expected to be put into production, and non-aluminum demand gradually improving, which may limit the downside space for caustic soda futures prices. Attention should be paid to the progress of new capacity release. (Chushuang Futures)

K-LinePoet

2026-03-24 20:31:48

In February, aluminum oxide companies experienced widespread losses, with many producers reducing output and conducting maintenance. Purchasing activity for aluminum oxide was generally moderate, and procurement prices were pushed down. In March, raw material prices for aluminum oxide remained weak, and the industry’s loss situation may improve. Aluminum oxide operating rates are expected to slightly increase in March, and there is an anticipation of new aluminum oxide capacity coming online in the second quarter. After the holiday, the production of viscose short fiber is gradually recovering, and non-aluminum demand may see a slight improvement.

In March, aluminum oxide operating rates are expected to increase, with new capacity plans coming online. Non-aluminum demand is gradually improving, which may limit the downward space for caustic soda futures prices. Attention should be paid to the progress of new capacity releases. (First Capital Futures)

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