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Procurement Market Intelligence Report

Caustic Soda
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Caustic Soda?

What is the average price of Caustic Soda?

This procurement report includes pricing information to help you purchase Caustic Soda. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Caustic Soda been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Caustic Soda yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Caustic Soda?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Caustic Soda with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

In 2021, the top four suppliers of caustic soda account for more than 50.0% of market revenue, indicating high market share concentration. In fact, Olin Corp, Occidental Petroleum, Westlake Chemical, Shintech and Formosa Plastics collectively control roughly 80.0% of US market revenue. ProcurementIQ estimates that there are 355 manufacturing enterprises... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Additional Product & Service Offerings

Are there any other products or services you supply that pertain to my business?

What advantages are afforded if I choose to bundle caustic soda purchases with other related goods such as storage containers?

Will the price change if I buy from one location versus another?

If I choose to bundle goods, how will my shipping options change?

What new products or solutions have you introduced to address issues brought on by the coronavirus pandemic?

Customer Service

How are customer service inquiries handled?

How do I get in touch if there is an issue with my contract?

What is your response time in the event of a product defect?

Do you employ a staff of quality control managers?

Do you have any records of a time when you responded promptly to a client's product defect issue?

Amid widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Supply Chain

How does an increase in raw material prices (e.g. electricity and chemicals) affect your business and me as a buyer?

Have the sharp drop in oil prices affected your operations and production? How has it affected prices?

Have any of your production facilities been closed due to the coronavirus?

How would you deal with cost changes for manufacturing machinery?

If prices for some of your inputs have been volatile in the past, do you have a plan for mitigating supply chain risk due to a price fluctuation?

How do you ensure the quality of your primary inputs?

Can you tell me about a time when there was a disruption in the supply chain? What did you do to fix it?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state the most they are willing to pay for the contract, inviting suppliers to submit lower bids.

Buyers should relay to suppliers how long the contract is initially for, and whether there are options to extend at the conclusion of the contract.

Buyers should request information regarding the costs of transporting the caustic soda to the buyer's location.

Selection Criteria

Buyers should look for providers that operate in an environmentally friendly manner.

Buyers should consider suppliers that are either close to their location or suppliers that are willing to offer free or reduced shipping costs.

Buyers should look for suppliers that have a proven record of fulfilling contracts with no issues.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers must state when the inquiry period begins.

Buyers must state when final proposals are due.

Buyers should convey whether suppliers can submit questions or clarifications. If yes, buyers must provide a date when those are due and when they will be answered.

Buyers must inform suppliers when the contract award will be announced.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Buyers of caustic soda face a high degree of risk from the supply chain, which is largely the result of the coronavirus pandemic causing unprecedented shifts in the demand and supply of a variety of finished industrial products as well as inputs. High supply chain risk harms buyers' ability to... Subscribe to learn more.

HIGH

MEDIUM

LOW