1、 Price trend
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According to monitoring data from Shengyi Society, the price of caustic soda stabilized on November 27th. On November 27th, the average price of caustic soda in the Shandong region was 1021 yuan/ton, a decrease of 1.54% from November 1st.
2、 Market analysis
According to the survey data from Shengyi Society, the price of caustic soda has been consolidating and operating. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 1000-1080 yuan/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region is currently stable, with a mainstream market price of around 990-1060 yuan/ton for 32% ion exchange membrane alkali. Local prices in Shandong remain stable and wait-and-see, while overall inventory levels of enterprises are low. In the short term, domestic alumina prices continue to show a strong trend, and demand for caustic soda is still acceptable, maintaining the current price trend of caustic soda.
On November 26th, the chemical index was 846 points, a decrease of 1 point from yesterday, a decrease of 39.57% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 41.47% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present).
Business analysts believe that in the near future, the price of caustic soda has been consolidating and operating, with low inventory in some areas. Downstream demand is expected to remain stable in the future, depending on downstream market demand.
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