1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has increased this week. The average market price at the beginning of the week was 936 yuan/ton, and the average market price over the weekend was 971 yuan/ton, with a price increase of 3.74% and a year-on-year increase of 24.33%. On March 6th, the Business Social Chemical Index was 844 points, a decrease of 1 point from yesterday, a decrease of 39.71% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 41.14% 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 been rising this week. The price of caustic soda in Shandong region is around 930-1050 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 950-1050 yuan/ton. The price of caustic soda in Inner Mongolia region is temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 3100-3200 yuan/ton (converted to 100 yuan). The overall upward trend of caustic soda prices this week is mainly due to manufacturers stopping for maintenance, which has eased the pressure on caustic soda inventory. The downstream price of alumina is basically maintained at 3200-3450 yuan/ton, and the demand for caustic soda is still acceptable.

Business analysts believe that in the near future, the price of caustic soda has risen and the operating market has improved due to enterprise maintenance and inventory pressure. Downstream demand is still acceptable, and the comprehensive supply-demand game predicts that caustic soda will maintain its upward trend in the later period, depending on downstream market demand.