1、 Price trend
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According to monitoring data from Business Society, caustic soda prices declined in December. At the beginning of the month, the average market price in Shandong was 1021 yuan/ton, and at the end of the month, the average market price in Shandong was around 827 yuan/ton. The overall price decreased by 19%, and the price increased by 3.63% compared to the same period last year. On December 30th, the Business Social Chemical Index was 823 points, a decrease of 1 point from yesterday, a decrease of 41.21% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 37.63% 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 survey data from Business Society, the overall price of caustic soda has declined this month. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 900-960 yuan/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region is currently stable, with a mainstream market price of around 780-850 yuan/ton for 32% ion exchange membrane alkali. Local prices in Shandong remain stable and wait-and-see, while overall supply from enterprises is sufficient. Downstream alumina exhibits narrow fluctuations, with demand driven purchasing trends.
According to the price monitoring of Shengyi Society, in the 52nd week of 2024 (12.23-12.27), there were 0 products that rose, 2 products that fell, and 4 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline are caustic soda (-5.30%) and PVC (-0.20%). The average increase or decrease this week is -0.92%.
Business analysts believe that caustic soda prices have been consolidating recently. The price of caustic soda is in a stable operating trend, with sufficient inventory in some areas. Downstream demand is generally expected to maintain a stable operating trend in the later stage, depending on downstream market demand.
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