1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda has been running weakly this week. The average market price at the beginning of the week was 885 yuan/ton, and the average market price over the weekend was 883 yuan/ton, a decrease of 0.23% and an increase of 11.21% compared to last year. On June 12th, the Business Social Chemical Index was 782 points, up 1 point from yesterday, down 44.14% from the highest point of 1400 points during the cycle (2021-10-23), and up 30.77% 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 price of caustic soda has been running weakly this week. The price of caustic soda in Shandong region is around 830-930 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 930-980 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 2800-2900 yuan/ton (converted to 100%). During the week, the liquid alkali market in Shandong remained stable with small fluctuations, and there were no significant fluctuations in the supply side of the Shandong region. Alumina was mostly purchased on demand, and non aluminum deliveries were noticeably cautious. The main downstream purchasing prices were lowered, and there was no positive support for caustic soda prices.
Business Society analysts believe that the recent weak operation of caustic soda prices is supported by moderate downstream demand in China, which supports the consolidation of caustic soda prices. The comprehensive supply-demand game predicts that caustic soda will maintain a consolidation operation in the later stage, depending on downstream market demand.