1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has remained stable this week. The average market price from the beginning of the week to the end of the week was 848 yuan/ton, a year-on-year decrease of 18.54%. On October 23, the Business Social Chemical Index was 755 points, up 1 point from yesterday, down 46.07% from the highest point of 1400 points during the cycle (2021-10-23), and up 26.25% 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 remained stable this week. The price of caustic soda in Shandong region is around 770-890 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 890-1000 yuan/ton. The price of caustic soda in Inner Mongolia region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 2700-2800 yuan/ton (converted to 100%). From the perspective of the Shandong region, there is not much pressure on supply and demand, and there is no significant fluctuation in the supply of enterprises. Downstream alumina prices have recently fallen, causing pessimistic sentiment among distributors. Some companies are under significant operational pressure and are purchasing caustic soda as needed.
Business Society analysts believe that in the near future, the price of caustic soda has been fluctuating. Domestic downstream buyers have been purchasing on demand, and there is not much pressure on caustic soda companies’ supply and demand. The overall supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.