1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda has remained stable this week. The average market price from the beginning of the week to the end of the week was 848 yuan/ton, a year-on-year decrease of 7.12%. On October 16th, the Business Society Chlor Alkali Index was 785 points, unchanged from yesterday, a decrease of 63.11% from the highest point of 2128 points during the cycle (2021-10-24), and an increase of 10.25% from the lowest point of 712 points on January 5th, 2016. (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 remained stable over the weekend this week. The price of caustic soda in Shandong region is around 760-890 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 890-1000 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 2700-2800 yuan/ton (converted to 100%). From the perspective of the Shandong region, inventory pressure is not high, and there is an increase in maintenance and a decrease in supply. There are still companies with maintenance expectations next week. Downstream alumina has a purchasing intention in the near future, but distributors still have pessimistic sentiment, and the overall trend is expected to be weak. They will purchase caustic soda as needed.
Business analysts believe that in the near future, the price of caustic soda has remained stable, and downstream consumers in China have been purchasing on demand. There is not much inventory pressure on caustic soda companies, and the comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.