1、 Price trend
According to the commodity analysis system of Shengyi Society, the price of caustic soda has been consolidating this week. On August 13th, the average market price was 799 yuan/ton, and on August 20th, the average market price was around 801 yuan/ton, with a price increase of 0.25% and a year-on-year increase of 4.43%. On August 19th, the chemical index was 864 points, unchanged from yesterday, a decrease of 38.29% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 44.48% 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 consolidating this week. The price of caustic soda in Shandong region is temporarily stable, with a mainstream market price of around 760-840 yuan/ton for 32% ion-exchange membrane alkali. In Jiangsu region, the price of caustic soda is temporarily stable, with a mainstream market price of around 840-920 yuan/ton for 32% ion-exchange membrane alkali. In Inner Mongolia region, the price of caustic soda is temporarily stable, with a mainstream market price of around 2200-2300 yuan/ton for 32% ion-exchange membrane alkali (converted to 100 yuan). This week, caustic soda will maintain a reasonable inventory, with downstream purchases mainly based on demand.
According to the price monitoring of Shengyi Society, in the 33rd week of 2024 (8.12-8.16), there were 0 products that rose, 3 products that fell, and 3 products that rose or fell zero in the chlor alkali industry price list. The main commodities experiencing a decline are baking soda (-4.85%), PVC (-0.93%), and caustic soda (-0.75%). The average increase or decrease this week is -1.09%.
Business Society analysts believe that in the near future, the price of caustic soda has been consolidating and the inventory of caustic soda has remained stable. Downstream consumers are mainly cautious and watching, and the overall supply and demand game is expected to maintain the consolidation of caustic soda prices in the later stage, depending on downstream market demand.
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