1、 Price trend
According to monitoring data from Shengyi Society, the price of caustic soda stabilized on November 12th. On November 12th, the average price of caustic soda in the Shandong region was 1022 yuan/ton, a decrease of 1.45% from November 1st.
2、 Market analysis
According to the survey data from Shengyi Society, the price of caustic soda has been consolidating and operating. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 1020-1080 yuan/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region is currently stable, with a mainstream market price of around 990-1060 yuan/ton for 32% ion exchange membrane alkali.
Since October, with the support of equipment maintenance and load reduction in the early stage of caustic soda production in the East China region, the spot price of liquid caustic soda in the region has increased. From the perspective of enterprise inventory, the inventory of caustic soda plants is low. Downstream demand is expected to see a stable, medium to strong trend in domestic alumina prices in the short term, with good demand for caustic soda, driving up caustic soda prices. However, looking at the Shandong region in November, the gradual restoration of maintenance facilities has led to a relatively abundant supply. And with the price increase, downstream caustic soda is resistant to caustic soda prices, and caustic soda prices tend to run steadily.
Business analysts believe that in the near future, caustic soda maintenance companies are gradually resuming production, supply is becoming increasingly abundant, and downstream companies are adopting a cautious and wait-and-see attitude towards the price increase of caustic soda. Overall, it is expected that the operation will mainly focus on consolidation in the later stage, depending on downstream market demand.
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