1、 Price trend
According to monitoring data from Business Society, the caustic soda market was weak in April. At the beginning of the month, the average price of caustic soda in Shandong region was 887 yuan/ton. At the end of the month, the price of caustic soda in Shandong region was 807 yuan/yuan, a decrease of 9.02% and an increase of 2.15% compared to the same period last year. On April 29th, the Business Social Chemical Index was 789 points, a decrease of 1 point from yesterday, a decrease of 43.64% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 31.94% 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 survey data from Business Society, the overall price of caustic soda is weak. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 870-980 yuan/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region is running weakly, with a mainstream market price of around 770-850 yuan/ton for 32% ion exchange membrane alkali. In early April, the overall price of caustic soda fell, and the main caustic soda inventory accumulated. With the main regional liquid caustic soda procurement prices once again lowered. The main regional liquid alkali market has experienced a decline, and non aluminum demand is high, so it is necessary to wait and see. The market demand is average. In the middle of the month, the price of caustic soda stopped falling and rebounded, and downstream replenishment was carried out in stages, resulting in an upward trend in caustic soda prices. At the end of the month, caustic soda operated weakly, with sufficient supply from caustic soda enterprises and average downstream demand, resulting in a weak operating trend in caustic soda prices.
Business analysts believe that in the near future, the price of caustic soda has been weak in the operating market, and the downstream demand in China has been average, with no positive support. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.