1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda is weak this week. The average market price at the beginning of the week was 752 yuan/ton, and the average market price over the weekend was 748 yuan/ton, a decrease of 0.53% and a year-on-year decrease of 24.6%. On December 11th, the Business Social Chemical Index was 778 points, an increase of 1 point from yesterday, a decrease of 44.43% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 30.10% 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 running weakly this week. The price of caustic soda in Shandong region is around 690-780 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, with the mainstream market price of 32% ion-exchange membrane alkali being around 760-870 yuan/ton. The price of caustic soda in Inner Mongolia region is stable, with the mainstream market price of 32% ion-exchange membrane alkali being around 2100-2200 yuan/ton (converted to 100 yuan). There has been no change in the supply and demand pattern this week, and the supply remains loose. Downstream alumina has shown moderate enthusiasm for entering the market recently, and the market is still in a stalemate, with more demand for caustic soda. It is expected that the alumina market will experience weak fluctuations in the later period. Short term domestic alumina prices have fluctuated slightly, with a price range of around 2700-2850 yuan/ton.
Analysts from Shengyi Society believe that the caustic soda prices have been weak this week, and downstream buyers in China have been purchasing on demand. There will be no positive support for the Shandong market next week, and demand has not substantially improved. The comprehensive supply-demand game predicts that caustic soda may continue to maintain a stable operating market in the later stage, depending on downstream market demand.