1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has decreased this week. The average market price at the beginning of the week was 878 yuan/ton, and the average market price over the weekend was 825 yuan/ton, a decrease of 6.04% in price and a year-on-year increase of 3.64%. On April 10th, the Business Social Chemical Index was 814 points, a decrease of 2 points from yesterday, a decrease of 41.86% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 36.12% 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, the price of caustic soda has been declining this week. The price of caustic soda in Shandong region is around 795-870 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, with a mainstream market price of 910-1020 yuan/ton in 32% ion-exchange membrane alkali. The price of caustic soda in Inner Mongolia region is temporarily stable, with a mainstream market price of 2900-3000 yuan/ton (converted to 100%) in 32% ion-exchange membrane alkali. The overall price of caustic soda has fallen, and the main caustic soda inventory has accumulated. With the main regional liquid caustic soda procurement prices being lowered again. The main regional liquid alkali market has experienced a decline, and non aluminum demand is high, so it is necessary to wait and see. The market demand is average.
Analysts from Shengyi Society believe that in recent times, the price of caustic soda has been declining, leading to significant inventory pressure on enterprises. There is no obvious destocking of enterprises, and the flow of liquid alkali in the Shandong market is poor. The main alumina enterprises are experiencing inventory pressure, and downstream demand is average. The comprehensive prediction of supply and demand game is that caustic soda will maintain a weak operating trend in the later stage, depending on downstream market demand.