1、 Price trend

According to the monitoring data of the business community, the price of caustic soda fell this week. At the beginning of the week, the average market price in Shandong was about 1132 yuan/ton. At the weekend, the average market price in Shandong was 1098 yuan/ton. The price fell 3%, 18.52% lower than the same period last year. On November 3, the caustic soda commodity index was 158.85, down 1.73 points from yesterday, down 40.16% from the peak of 265.47 (2021-10-27) in the cycle, and up 143.97% from the lowest point of 65.11 on October 9, 2020. (Note: Period refers to 2011-09-01 to now)

2、 Market analysis

According to the survey data of the business cooperative, the domestic caustic soda price fell this week. At present, the average market price in Shandong is about 1050-1100 yuan/ton. The factory quotation of 32% liquid caustic soda mainstream in Hebei is about 1060-1300 yuan/ton. The price of caustic soda on the market fell, and the supply remained at the early stage. Most of the main caustic soda enterprises have relatively stable production and sufficient supply of goods on the market, but the downstream market is mainly wait-and-see, and they are cautious in purchasing, so the actual delivery is average.

According to the price monitoring of the business community, in the 43rd week of 2022 (10.24-10.28), there was a total of 1 rising commodity, 3 falling commodity, and 1 zero rising commodity. The main commodities that rose were hydrochloric acid (3.71%); The main commodities falling were caustic soda (-11.21%), PVC (-2.54%) and calcium carbide (-0.42%). The average rise or fall this week was -2.09%.

Analysts from the business community believe that in the near future, the caustic soda price is weak, and the downstream aluminum oxide procurement demand is average, and more buying will go up rather than down. It is mainly wait-and-see operation and cautious procurement. It is comprehensively expected that the caustic soda will be weak next week, depending on the downstream market demand.