1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda has increased after the Spring Festival. On February 25th, the average market price of caustic soda was 634 yuan/ton, an increase of 1.93% compared to the previous trading day. On February 24th, the Business Social Chemical Index was 785 points, a decrease of 2 points from yesterday, a decrease of 43.93% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 31.27% 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, caustic soda is on the rise. The price of caustic soda in Shandong region is around 600-670 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Zhejiang region is stable, with a mainstream market price of 850-970 yuan/ton in 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region is stable, with a mainstream market price of 2050-2150 yuan/ton (converted to 100%) in 32% ion-exchange membrane alkali. Returning after the Spring Festival, some traders and downstream urgently need to replenish their stocks. The rise in liquid chlorine prices has driven the recovery of chlor alkali profits, and some caustic soda enterprises have lower inventories, resulting in an increase in caustic soda prices. However, with the completion of downstream enterprise replenishment, the overall upward space for caustic soda is limited.
Business analysts believe that in the near future, the price of caustic soda has been on the rise, and after the holiday, the price of Shandong liquid caustic soda has been affected by the short-term replenishment of essential needs. However, with the completion of inventory replenishment, it is expected that caustic soda will continue to maintain a stable operation in the later period, depending on downstream market demand.
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