1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has remained stable this week. The average market price from the beginning of the week to the end of the week was 824 yuan/ton, a year-on-year decrease of 19.29%. On November 20th, the Business Social Chemical Index was 762 points, unchanged from yesterday, a decrease of 45.57% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 27.42% from the lowest point of 598 points on April 8, 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 remained stable this week. The price of caustic soda in Shandong region is around 730-840 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 850-970 yuan/ton. The price of caustic soda in Inner Mongolia region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 2350-2450 yuan/ton (converted to 100%). There are still maintenance expectations next week, but from the perspective of the Shandong region, the supply is uncertain, so we will wait and see for now. The enthusiasm of downstream alumina to enter the market has increased recently, but the market is still in a stalemate, and more caustic soda is purchased on demand. It is expected that the alumina market will experience weak fluctuations in the later stage
Analysts from Business Society believe that the price of caustic soda has remained stable in the near future. Domestic downstream buyers have been purchasing as needed, and caustic soda companies are expected to undergo maintenance. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.