According to the commodity analysis system of Shengyi Society, the price of caustic soda has been consolidating this week, with an average market price of 3000 yuan/ton from the beginning of the week to the weekend, an increase of 6.02% compared to the same period last year. On July 11th, the chemical index was 886 points, unchanged from yesterday, a decrease of 36.71% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 48.16% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

Upstream caustic soda

According to the commodity analysis system of Shengyi Society, the price of caustic soda has increased. At the beginning of the week, the average market price in Shandong was around 814 yuan/ton, and over the weekend it was 816 yuan/ton, with a price increase of 0.25% and a year-on-year increase of 4.62%. The price of caustic soda in Shandong region has slightly increased, with the mainstream market price of 32% ion exchange membrane alkali ranging from 790 to 860 yuan/ton, and most enterprises raising it by 10-20 yuan/ton. The mainstream transaction price in Jiangsu region is around 860-940 yuan/ton.

Business Society analysts believe that the price of caustic soda has been consolidating this week, with traders actively shipping. However, downstream alumina is mostly purchased on demand, and the overall supply-demand game suggests that caustic soda prices may maintain a consolidating trend in the short term, depending on downstream market demand.