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 805 yuan/ton, a year-on-year increase of 7.05%. On August 11th, the chemical index was 868 points, unchanged from yesterday, a decrease of 38.00% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 45.15% 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 remained stable this week. The price of caustic soda in Shandong region is temporarily stable, with a mainstream market price of around 750-840 yuan/ton for 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is temporarily stable, with a mainstream market price of around 840-940 yuan/ton for 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region is temporarily stable, with a mainstream market price of around 2350-2550 yuan/ton (converted to 100%) for 32% ion-exchange membrane alkali. At present, there is no substantial improvement in downstream demand, and coupled with the weakened export market, the operating mentality of industry players has weakened, so they are more cautious and cautious.

According to the price monitoring of Shengyi Society, in the 32nd week of 2024 (8.5-8.9), there were 0 products that rose, 3 products that fell, and 3 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline are baking soda (-1.13%), PVC (-0.44%), and caustic soda flakes (-0.10%). The average increase or decrease this week is -0.28%.

Business Society analysts believe that in the near future, the price of caustic soda will remain stable. In the early stage of the Shandong market, there are plans to postpone the construction of new facilities in Zibo. It is expected that the supply of caustic soda will be stable, and downstream customers will be cautious and wait. The overall supply and demand game is expected to maintain a stable operation of caustic soda in the later stage, depending on downstream market demand.