I. Price trend

According to the commodity analysis system of SunSirs, the price of caustic soda rose this week. The average market price was 807 RMB/ton at the beginning of the week, and the average market price was 829 RMB/ton at the weekend, with a price increase of 2.73%, an increase of 4.94% year-on-year.

II. Market analysis

According to the commodity analysis system of SunSirs, the price of caustic soda rose last week. In Shandong, the mainstream market price of 32% ion membrane caustic soda was about 780-880 RMB/ton. In Jiangsu, the price of caustic soda was stable, and the mainstream market price of 32% ion membrane caustic soda was about 870-980 RMB/ton. The price of caustic soda in Inner Mongolia was temporarily stable, and the mainstream market price of 32% ion membrane caustic soda was about 3900-4100 RMB/ton (100 RMB off).

This week, caustic soda enterprises were overhauled, and the inventory of enterprises declined. The profit level of the entire downstream aluminum plant industry was relatively high. Enterprises maintained a high load state, and the demand for alumina was acceptable, and the demand for alumina for caustic soda was acceptable.

Analysts from SunSirs believe that the recent upward trend in caustic soda prices is supported by decent domestic downstream demand, which supports the strong operation of caustic soda prices. It is generally expected that caustic soda will maintain a strong trend in the future, which still depends on the downstream market demand.

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