1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda is weak this week. The average market price at the beginning of the week was 690 yuan/ton, and the average market price over the weekend was 668 yuan/ton, a decrease of 3.19% and a year-on-year decrease of 32.86%. On January 22, the Business Social Chemical Index was 787 points, up 2 points from yesterday, down 43.79% from the highest point of 1400 points during the cycle (2021-10-23), and up 31.61% 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 running weakly this week. The price of caustic soda in Shandong region is around 590-690 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 700-810 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 2150-2250 yuan/ton (converted to 100%) in 32% ion-exchange membrane alkali. This week, the supply of caustic soda is still in a loose state, and there is no obvious destocking by enterprises. Several sets of equipment reduced production, but quickly recovered. The enthusiasm for downstream alumina entering the market has been average recently, while in the north, due to weather conditions and a gradual decrease in stock during the Spring Festival, the market is still in a stalemate, and more caustic soda is purchased on demand. It is expected that the alumina market will experience weak fluctuations in the later period.
Business analysts believe that the caustic soda prices have been weak this week, and downstream buyers in China have been purchasing on demand. There will be no positive support for the Shandong market next week, and demand has not substantially improved. The quotation for orders from outside Shandong Province has basically ended, and the comprehensive supply-demand game predicts that caustic soda may continue to maintain a weak consolidation trend in the later stage, depending on downstream market demand.