Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda has rebounded and stopped falling this week. The average market price at the beginning of the week was 805 RMB/ton, and the average market price over the weekend was 815 RMB/ton, with a price increase of 1.24% and a year-on-year increase of 2.39%.

On April 17th, the Business Social Chemical Index was 802 points, a decrease of 4 points from the previous day, a decrease of 42.71% from the highest point of 1400 points during the cycle (October 23, 2021), 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)

Analysis review

According to the commodity analysis system of SunSirs, the price of caustic soda has been rising this week. The price of caustic soda in Shandong region was around 790-890 RMB/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region was stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 880-980 RMB/ton. The price of caustic soda in Inner Mongolia region was temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali was around 2,900-3,000 RMB/ton (converted to 100%). The price of caustic soda has stopped falling and rebounded, with previous price increases and downstream resistance. Downstream stage replenishment led to an increase in caustic soda prices.

Market trend

SunSirs’ analysts believe that in recent times, the price of caustic soda has been rising, and some domestic alumina companies have implemented maintenance and production plans, while downstream companies were restocking in stages. The supply-demand gamed. It is expected that caustic soda will continue to rise in the later period, depending on downstream market demand.

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