1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has declined this week. The average market price at the beginning of the week was 976 yuan/ton, and the average market price over the weekend was 936 yuan/ton, a decrease of 4.1% and a year-on-year increase of 19.69%. On February 26th, the Business Social Chemical Index was 846 points, an increase of 2 points from yesterday, a decrease of 39.57% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 41.47% 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 the commodity analysis system of Shengyi Society, the caustic soda market has been weak this week. The price of caustic soda in Shandong region is around 890-980 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 950-1050 yuan/ton. The price of caustic soda in Inner Mongolia region is temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 3100-3200 yuan/ton (converted to 100 yuan). This week, the overall price of caustic soda has been weak, with sufficient market supply and accumulated inventory. Downstream production of alumina and alumina has remained basically stable, and demand is stable. We are observing the market situation and expect the caustic soda price to be weak.

Business analysts believe that in the near future, the price of caustic soda has been weak due to the accumulation of market inventory and average downstream demand. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.