1、 Price trend
According to the monitoring data of the business community, the price of caustic soda is mainly stable for the time being. From the beginning of the week to the end of the week, the average market price is about 490 yuan / ton, down 9.68% compared with the same period last year. On March 28, the commodity index of caustic soda was 70.50, unchanged from yesterday, down 65.92% from 206.87 (2017-11-14), the highest point in the cycle, and up 8.28% from 65.11, the lowest point on October 9, 2020. (Note: period refers to the period from September 1, 2011 to now)
2、 Market analysis
Caustic soda fluctuates in a narrow range, and the market operation is dominant. In Shandong area, caustic soda is mainly put into consolidation operation. At present, the mainstream ex factory price of 32% caustic soda is 390-500 yuan / ton. The company’s shipment is tepid, the downstream receiving situation is light and stable, and the wait-and-see atmosphere is strong. It is expected that caustic soda will continue to operate with small fluctuation in the future. In Hebei area, the market of caustic soda fluctuates in a narrow range. At present, the mainstream ex factory price of 32% caustic soda is 460-600 yuan / ton. The company’s shipment is general, and the downstream receiving situation is light and stable, with a strong wait-and-see atmosphere. It is expected that caustic soda will continue to operate with small fluctuation in the future. Jiangsu market is about 550-650 yuan / ton, Guangdong market is about 640-650 yuan / ton.
The market performance of liquid chlorine in the upstream of caustic soda is fair this week, and the demand in the downstream is supported. Generally speaking, it will be mainly operated in the later stage or strongly. From the downstream of caustic soda to the end of demand, aluminum, paper and other industries adhere to the demand-based procurement, a strong wait-and-see attitude.
According to the price monitoring of the business community, in the 12th week of 2021 (3.22-3.26), there were 0 kinds of commodities rising, 3 kinds of commodities falling, and 2 kinds of commodities falling to 0. The main commodities falling were calcium carbide (- 8.91%), PVC (- 2.79%) and hydrochloric acid (- 2.44%). The average rise and fall this week was – 2.83%.
Business analysts believe that in the near future, the caustic soda enterprises are not warm in shipment, and the downstream receiving situation is weak and stable, with a strong wait-and-see atmosphere. It is expected that caustic soda will continue to fluctuate slightly in the future, depending on the downstream market demand.