1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda has remained stable this week. On December 22nd, the average market price was 748 yuan/ton, a year-on-year decrease of 15.9%. On December 21st, the Business Social Chemical Index was 763 points, unchanged from yesterday, a decrease of 45.50% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 27.59% 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 is temporarily stable. The price of caustic soda in Shandong region is around 690-780 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 760-870 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 2100-2200 yuan/ton (converted to 100 yuan). There has been no change in the supply and demand pattern this week, with high production levels and supply remaining loose. Downstream alumina has shown moderate enthusiasm for entering the market recently, and the market is still in a stalemate, with more demand for caustic soda. It is expected that the alumina market will experience weak fluctuations in the later period. Short term domestic alumina prices have fluctuated slightly.
Business Society analysts believe that in the near future, caustic soda prices have been consolidating this week. Domestic downstream buyers have been purchasing on demand, and there will be no positive support for the Shandong market next week. Demand has not substantially improved, and the overall supply-demand game predicts that caustic soda may continue to maintain a consolidating market in the later stage, depending on downstream market demand.