1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda has increased this week. The average market price at the beginning of the week was 807 yuan/ton, and the average market price over the weekend was 829 yuan/ton, with a price increase of 2.73% and a year-on-year increase of 4.94%. On May 11th, the Business Social Chemical Index was 783 points, unchanged from yesterday, a decrease of 44.07% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 30.94% from the lowest point of 598 points on April 8, 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 rising this week. The price of caustic soda in Shandong region is around 780-880 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 870-980 yuan/ton. The price of caustic soda in Inner Mongolia region is temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 3900-4100 yuan/ton (converted to 100 yuan). This week, the caustic soda company underwent maintenance, resulting in a decline in inventory. Downstream aluminum plants have a relatively high profit level across the industry, and the company is operating at a high load. The demand for alumina is still acceptable, and the demand for caustic soda from alumina is also acceptable.
Business analysts believe that the recent rise in caustic soda prices is driving the market trend, and the domestic downstream demand is still acceptable, supporting the firm operation of caustic soda prices. It is expected that caustic soda will maintain a strong operating trend in the later period, depending on downstream market demand.
| http://www.polyvinylalcohols.com |