1、 Price trend

According to the Commodity Analysis System of Business Society, the price of caustic soda has remained stable this week, with an average market price of 782 yuan/ton from the beginning of the week to the weekend, a decrease of 14.63% compared to the same period last year. On February 28th, the chlor alkali index was 1010 points, a decrease of 1 point from yesterday, a decrease of 52.54% from the highest point in the cycle of 2128 points (2021-10-24), and an increase of 41.85% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present)

2、 Market analysis

According to the Commodity Analysis System of Business Society, the domestic caustic soda prices have remained stable this week. The quotation for caustic soda in Shandong region has been consolidated, with 32% of the mainstream market quotation for ion exchange membrane caustic soda being around 730-800 yuan/ton, while the mainstream market price in Jiangsu region is around 820-880 yuan/ton. This week, the overall price of caustic soda has remained stable, and downstream purchases are still more on demand, with average purchasing enthusiasm.

According to the price monitoring of Business Society, in the 8th week of 2024 (2.19-2.23), there were 2 products that rose, 3 products that fell, and 2 products that rose or fell to 0 on the chlor alkali industry price list. The main rising commodities include: caustic soda (1.00%) and PVC (0.25%); The main commodities falling are: light soda ash (-3.40%), calcium carbide (-0.57%), and baking soda (-0.40%). The average increase and decrease this week is -0.45%.

Analysts from Business Society believe that in the near future, the price of caustic soda has temporarily stabilized this week. Downstream aluminum oxide will purchase according to demand and replenish inventory in an appropriate amount. It is expected that caustic soda may consolidate the operating market in the later stage, depending on downstream market demand.