1、 Price trend

According to monitoring data from Business Society, caustic soda prices declined in November. At the beginning of the month, the average market price in Shandong was 1037 yuan/ton, and at the end of the month, the average market price in Shandong was around 1021 yuan/ton. The overall price decreased by 1.54%, and the price increased by 21.55% compared to the same period last year. On November 28th, the chemical index was 844 points, a decrease of 1 point from yesterday, a decrease of 39.71% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 41.14% 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 survey data from Business Society, the overall price of caustic soda has declined this month. 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.

According to the price monitoring of Shengyi Society, in the 47th week of 2024 (11.18-11.22), there were 0 products that rose, 3 products that fell, and 3 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline are PVC (-1.00%), caustic soda (-0.91%), and baking soda (-0.13%). The average increase or decrease this week is -0.34%.

Business analysts believe that caustic soda prices have been consolidating recently. The price of caustic soda is operating steadily, with low inventory in some areas. Downstream demand is expected to remain stable in the future, depending on downstream market demand.