1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda is weak this week. The average market price at the beginning of the week was 842 yuan/ton, and the average market price over the weekend was 838 yuan/ton, a decrease of 0.48% and a year-on-year decrease of 19.19%. On October 29th, the Business Social Chemical Index was 755 points, a decrease of 2 points from yesterday, a decrease of 46.07% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 26.25% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)
2、 Market analysis
According to the commodity analysis system of Shengyi Society, the price of caustic soda has been running weakly this week. The price of caustic soda in Shandong region is around 750-880 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, with the mainstream market price of 32% ion-exchange membrane alkali being around 890-1000 yuan/ton. The price of caustic soda in Inner Mongolia region is stable, with the mainstream market price of 32% ion-exchange membrane alkali being around 2700-2800 yuan/ton (converted to 100%). From the perspective of Shandong region, supply has increased, fundamentals have not improved, and prices have weakened and consolidated. Downstream alumina prices have recently fallen, causing pessimistic sentiment among distributors. Some companies are under significant operational pressure and are purchasing caustic soda as needed.
Business Society analysts believe that in recent times, the price of caustic soda has been weak in the operating market. Domestic downstream buyers have been purchasing according to demand, and caustic soda companies have loose supply. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.