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 851 yuan/ton, and the average market price over the weekend was 871 yuan/ton, with a price increase of 2.35% and a year-on-year increase of 9.97%. On May 22, the Business Social Chemical Index was 802 points, an increase of 1 point from yesterday, a decrease of 42.71% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 34.11% from the lowest point of 598 points on April 8, 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 810-870 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 900-980 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 2700-2800 yuan/ton (converted to 100%). The main downstream purchase price of caustic soda has been raised, and downstream demand has increased compared to before. Shandong liquid alkali is expected to maintain a high level of consolidation, and the overall inventory pressure of caustic soda is not significant.
Business analysts believe that the recent rise in caustic soda prices is driving the market trend, and the domestic downstream demand is still acceptable, supporting the firm operation of caustic soda prices. The comprehensive supply-demand game predicts that caustic soda will maintain a strong operating trend in the later stage, depending on downstream market demand.