1、 Price trend
According to the commodity analysis system of Shengyi Society, caustic soda has been running steadily this week. On July 28th, the average market price in Shandong was 861 yuan/ton, an increase of 6.69% compared to last year. On July 27th, the Business Social Chemical Index was 771 points, unchanged from yesterday, a decrease of 44.93% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 28.93% 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 operating steadily. The price of caustic soda in Shandong region is around 790-880 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, with a mainstream market price of 870-930 yuan/ton in 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region is stable, with a mainstream market price of 2700-2800 yuan/ton (converted to 100%) in 32% ion-exchange membrane alkali. From the perspective of Shandong region, there is not much fluctuation in supply and demand, and most enterprises are still executing preliminary orders. The demand side increment is limited, and 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 been operating steadily, and the domestic downstream demand has been average. The price of caustic soda is maintaining a stable operation. With the price increase, the downstream market is resistant to the comprehensive expectation that caustic soda will maintain a stable operation in the later period, depending on the downstream market demand.