1、 Price trend

According to the monitoring data of the business community, the price of caustic soda is weak, and the average price of Shandong market is about 457.5 yuan / ton. On February 23, the commodity index of caustic soda was 65.83, unchanged from yesterday, down 68.18% from 206.87 (2017-11-14), the highest point in the cycle, and up 1.11% from 65.11, the lowest point on October 9, 2020. (Note: period refers to the period from September 1, 2011 to now)

2、 Market analysis

At present, the market of caustic soda is weak as a whole, the atmosphere of conversation is weak, and the overall transaction is flexible. It is expected that the follow-up or narrow range of caustic soda will be weak. The price of caustic soda in Hebei Province is stable for the time being. The mainstream ex factory price of 32% caustic soda is about 470-580 yuan / ton. The downstream purchasing demand is general, and the market atmosphere is not good. After the Spring Festival, there are still few inquiries and the transaction is light. It is expected that caustic soda will be mainly operated in the follow-up or narrow range. The price of caustic soda in Shandong is weak. At present, the mainstream ex factory price of 32% caustic soda is 390-470 yuan / ton. The downstream purchase demand is general, and the market atmosphere is not good. After the Spring Festival, there are still few inquiries and transactions. It is expected that the subsequent or narrow range of caustic soda will be weak. The quotation of flake caustic soda: 2000-2100 yuan / ton in Shandong market, 1600-1650 yuan / ton in Inner Mongolia market and 2100-2150 yuan / ton in Guangdong market.

Upstream: in recent days, the liquid chlorine Market in Shandong has been weak, and the high-end price of liquid chlorine has been slightly reduced. At present, the downstream enterprises mainly purchase from rigid demand, and the price increase of scattered caustic soda enterprises has little impact on the caustic soda market. It is reported that the mainstream manufacturer Shandong Jinling plans to stop for maintenance in March. The buyer and the seller have a strong wait-and-see mentality, and the two sides start a game.

Analysts from the business society believe that in the near future, the overall supply of caustic soda is sufficient, the overall ex factory price of caustic soda is stable and small, and the downstream purchasing demand is general, which has a certain conflict with the current price of caustic soda. The overall turnover of caustic soda was relatively light. On the whole, it is expected that the operation of caustic soda will be dominated by narrow fluctuation, and the specific situation depends on the downstream market demand.