1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has declined this week. The average market price at the beginning of the week was 1015 yuan/ton, and the average market price over the weekend was 985 yuan/ton, a decrease of 2.96% and a year-on-year increase of 25.96%. On February 20th, the Business Social Chemical Index was 843 points, a decrease of 1 point from yesterday, a decrease of 39.79% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 40.97% 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 caustic soda market has been weak this week. The price of caustic soda in Shandong region is around 940-1000 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 950-1080 yuan/ton in 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region is temporarily stable, with a mainstream market price of 2900-3000 yuan/ton (converted to 100%) in 32% ion-exchange membrane alkali. This week, the overall price of caustic soda has been weak, with downstream resistance and market inventory accumulation due to price increases. Downstream alumina is expected to observe the market trend and see that caustic soda prices will be weak.

Business analysts believe that in the near future, the price of caustic soda has been weak due to the accumulation of market inventory and average downstream demand. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.