1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has been consolidating this week. The average market price at the beginning of the week was 829.2 yuan/ton, and the average market price over the weekend was 822 yuan/ton, a decrease of 0.87% and a year-on-year increase of 2.24%. On April 24th, the Business Social Chemical Index was 795 points, a decrease of 1 point from yesterday, a decrease of 43.21% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 32.94% from the lowest point of 598 points on April 8th, 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 consolidating this week. The price of caustic soda in Shandong region is around 770-880 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 880-980 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 2900-3000 yuan/ton (converted to 100%). Caustic soda causes weak operation, with sufficient supply from caustic soda enterprises and average downstream demand, resulting in a weak operating market for caustic soda prices.
Business analysts believe that in the near future, the price of caustic soda has been weak in the operating market, and the downstream demand in China has been average, with no positive support. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operating market in the later stage, depending on downstream market demand.