1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda has risen this week. The average market price from the beginning of the week to the end of the week was 890 yuan/ton, an increase of 7.1% compared to last year. On September 4th, the Business Social Chemical Index was 770 points, unchanged from yesterday, a decrease of 45.00% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 28.76% 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 increased over the weekend this week. The price of caustic soda in Shandong region is around 840-910 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 870-950 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 2700-2800 yuan/ton (converted to 100%). From the perspective of Shandong region, the price of caustic soda remained stable for the week. The pre maintenance equipment has not been restored yet, and the inventory pressure of the enterprise is not high. Alumina is mostly purchased on demand, while non aluminum receiving is mainly purchased on demand.
Business analysts believe that in the near future, the price of caustic soda has remained stable with small fluctuations, and the price of caustic soda has been operating steadily. Recently, domestic downstream buyers have been purchasing on demand, and the inventory pressure of caustic soda enterprises is not high. Downstream inventory enterprises are expected to undergo maintenance, and the comprehensive supply-demand game predicts that caustic soda will continue to operate steadily in the later stage, depending on downstream market demand.