1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda rose on August 27th. The average market price in Shandong region is 882 yuan/ton, a year-on-year increase of 9.16%. On August 26th, the Business Social Chemical Index was 772 points, an increase of 1 point from yesterday, a decrease of 44.86% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 29.10% 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 has risen steadily. The price of caustic soda in Shandong region is around 800-910 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, the price of caustic soda has risen. The pre maintenance equipment has not been restored yet, and the inventory pressure of the enterprise is not high. The prices of liquid alkali purchased by major downstream enterprises have increased, and the prices of liquid alkali in the region have risen. Alumina is mostly purchased on demand, while non aluminum receiving is mainly purchased on demand.
Business Society analysts believe that in recent times, the price of caustic soda has slightly increased, and the market is running steadily. Domestic downstream demand is still acceptable, and caustic soda companies have little inventory pressure. Downstream inventory companies are expected to undergo maintenance. Next week, maintenance facilities will be restored in the northwest and southwest regions, resulting in an increase in load. In the north and east regions, there will be a reduction in production and a slight increase in load. The comprehensive prediction of supply and demand game is that caustic soda will maintain a stable operation in the later stage, depending on downstream market demand.