1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has remained stable this week. The average market price from the beginning of the week to the weekend was around 1021 yuan/ton, an increase of 22.13% compared to last year. On November 21, the chemical index was 847 points, a decrease of 1 point from yesterday, a decrease of 39.50% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 41.64% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)/p>

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 temporarily stable, with a mainstream market price of around 990-1060 yuan/ton for 32% ion-exchange membrane alkali. In Jiangsu region, the price of caustic soda is temporarily stable, with a mainstream market price of around 1020-1080 yuan/ton for 32% ion-exchange membrane alkali. In Inner Mongolia region, the price of caustic soda is temporarily stable, with a mainstream market price of around 2800-2900 yuan/ton (converted to 100%) for 32% ion-exchange membrane alkali. This week, the maintenance and supply of caustic soda facilities in some areas are tight, supporting the current selling price. Downstream purchases are mainly based on demand.

According to the price monitoring of Shengyi Society, in the 46th week of 2024 (11.11-11.15), there were 0 products that rose, 4 products that fell, and 2 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline are baking soda (-1.40%), caustic soda (-0.29%), and PVC (-0.19%). The average increase or decrease this week is -0.33%.

Business Society analysts believe that in the near future, the price of caustic soda has been consolidating, and some areas of caustic soda facilities are undergoing maintenance. Downstream customers are mainly cautious and watching, and the overall supply and demand game is expected to maintain a consolidating operation of caustic soda in the later stage, depending on downstream market demand.