1、 Price trend

According to the commodity analysis system of Business Society, the price of caustic soda has remained stable this week. The average market price in Shandong from the beginning of the week to the weekend was 836 yuan/ton, a decrease of 23.72% compared to the same period last year. On November 23, the chlor alkali index was 1047 points, an increase of 2 points from yesterday, a decrease of 50.80% from the highest point in the cycle of 2128 points (2021-10-24), and an increase of 47.05% from the lowest point of 712 points on January 5, 2016. (Note: The cycle refers to 2011-12-01 present)

2、 Market analysis

According to the Commodity Analysis System of Business Society, the domestic caustic soda prices have remained stable this week. The price of caustic soda in Shandong region is currently stable, with a mainstream market price of around 780-850 yuan/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 830-950 yuan/ton for 32% ion exchange membrane caustic soda. This week, the overall price of caustic soda has remained stable with minor fluctuations, and the production of caustic soda has increased slightly. Downstream purchases are still more on demand, and the purchasing enthusiasm is average.

According to the price monitoring of Business Society, in the 46th week of 2023 (11.13-11.17), there were a total of 3 products that rose, 1 product that fell, and 3 products that rose or fell to 0 on the chlor alkali industry price list. The main rising commodities include: light soda ash (2.38%), baking soda (0.58%), and caustic soda flakes (0.09%); The main commodities falling are PVC (-0.41%). The average increase and decrease this week is 0.38%.

Analysts from Business Society believe that in the near future, the price of caustic soda has been consolidating this week, with an increase in caustic soda production. Downstream alumina will be replenished as needed in the near future, and it is expected that caustic soda will continue to consolidate and operate in the future, depending on downstream market demand.