1、 Price trend

According to the commodity analysis system of Business Society, the price of caustic soda was weak this week. At the beginning of the week, the average market price in Shandong was 814 yuan/ton, and on the weekend, the average market price was 796 yuan/ton, a price drop of 2.21%, a decrease of 11.56% compared to the same period last year. On April 11th, the chlor alkali index was 979 points, a decrease of 1 point from yesterday, a decrease of 53.99% from the highest point in the cycle of 2128 points (2021-10-24), and an increase of 37.50% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present)

2、 Market analysis

According to the Commodity Analysis System of Business Society, the domestic caustic soda prices have been weak this week. The price of caustic soda in Hubei region is temporarily stable, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 900-960 yuan/ton. The price of caustic soda in Jiangsu region is consolidating, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 780-880 yuan/ton. The price of caustic soda in Jiangsu region is consolidating, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 780-880 yuan/ton. This week, the overall price of caustic soda was weak, and downstream aluminum oxide spot trading activity was average. The demand for caustic soda was average, and there was a strong wait-and-see purchasing sentiment. The supply and demand game between upstream and downstream, and the price of caustic soda fluctuates.

According to the price monitoring of Business Society, in the 14th week of 2024 (4.1-4.5), there was one commodity that rose, three commodities that fell, and three commodities that rose or fell to zero in the chlor alkali industry price list. The main commodities that have risen are calcium carbide (0.56%); The main commodities falling include caustic soda (-3.05%), baking soda (-1.70%), and caustic soda (-0.19%). The average increase and decrease this week is -0.63%.

Analysts from Business Society believe that in the near future, the price of caustic soda has been weak this week. As the purchasing prices of Shandong’s main downstream alumina enterprises decline, the purchasing willingness of downstream alumina is average. There is a high possibility that the spot price of caustic soda will stabilize. Overall, it is expected that caustic soda may slightly consolidate the operating market in the later stage, depending on downstream market demand.