1、 Price trend
According to monitoring data from Business Society, the overall downward trend of caustic soda in June. At the beginning of the month, the average price of caustic soda in Shandong region was 885 yuan/ton. At the end of the month, the price of caustic soda in Shandong region was 835 yuan/yuan, a decrease of 5.65% and an increase of 5.16% compared to the same period last year. On June 29th, the Business Social Chemical Index was 784 points, unchanged from yesterday, down 44.00% from the highest point of 1400 points during the cycle (October 23, 2021), and up 31.10% 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 survey data from Shengyi Society, the overall price of caustic soda is declining. The price of caustic soda in Shandong region is around 760-850 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 870-950 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 2700-2800 yuan/ton (converted to 100%) in 32% ion-exchange membrane alkali. This month, the price of caustic soda has declined, with no significant fluctuations in the supply side of Shandong region. Alumina is mostly purchased on demand, and non aluminum deliveries are clearly cautious. The main downstream procurement prices have been lowered, and there is no positive support for caustic soda prices.
Business Society analysts believe that in the near future, the price of caustic soda has been weak, and downstream demand in China has been average. The overall inventory level of enterprises is not high, and the main demand is for replenishment. The comprehensive supply-demand game predicts that caustic soda will maintain a stable operation in the later stage, depending on downstream market demand.
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