1、 Price trend

According to monitoring data from Business Society, the price of caustic soda was relatively strong in January. At the beginning of the month, the average market price of caustic soda in Shandong was 827 yuan/ton. On January 24th, the caustic soda price in Shandong was 995 yuan/ton, an increase of 20.31% compared to January 1st.

2、 Market analysis

According to survey data from Business Society, the price of caustic soda tends to be strong in the operating market. 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 relatively strong, with the mainstream market price of 32% ion-exchange membrane alkali being around 950-1050 yuan/ton. Due to the maintenance of caustic soda enterprises at the beginning of the month, the inventory of the Shandong liquid alkali market has decreased, and the overall operation is relatively strong. Currently, the overall inventory is still not high. The tight supply situation in the market has led to an increase in caustic soda prices, and the export business has entered a period of explosive growth. Although downstream demand is approaching the Spring Festival, it is still relatively positive.

On January 23, the Business Social Chemical Index was 834 points, a decrease of 1 point from yesterday, a decrease of 40.43% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 39.46% from the lowest point of 598 points on April 8, 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 relatively strong, with low inventory in some areas and active downstream demand. However, pre holiday stocking is nearing completion. It is expected that caustic soda will maintain a stable operating market in the later part of the Spring Festival, depending on downstream market demand.