1、 Price trend
According to the monitoring data of the business community, the price of caustic soda rose strongly this week. At the beginning of the week, the average market price in Shandong was about 1062 yuan/ton. At the weekend, the average market price in Shandong was 1174 yuan/ton. The price rose 10.55%, 6.97% higher than the same period last year. On September 22, the caustic soda commodity index was 164.60, up 6.33 points from yesterday, down 38.00% from the peak of 265.47 (2021-10-27) in the cycle, and up 152.80% from the lowest point of 65.11 on October 9, 2020. (Note: Period refers to 2011-09-01 to now)
2、 Market analysis
According to the survey data of the business community, the domestic caustic soda price rose this week. At present, the average market price in Shandong is about 1080-1250 yuan/ton. The factory quotation of 32% liquid caustic soda mainstream in Hebei is about 1100-1200 yuan/ton. Affected by the overhaul of major enterprises, 32% of liquid caustic soda in Shandong rose strongly. And near the National Day holiday, downstream enterprises stock up, and the transaction atmosphere is better than in the early days. In terms of export, export orders increased, which was good for caustic soda.
According to the price monitoring of the business community, in the 37th week of 2022 (9.12-9.16), there was a total of 1 rising commodity, 3 falling commodity, and 1 zero rising commodity. The main commodities that rose were: light soda ash (0.38%); The main commodities falling were calcium carbide (-2.25%), PVC (-0.51%) and caustic soda (-0.38%). The average rise and fall this week was -0.55%.
Analysts from the business community believe that in the near future, the price of caustic soda is running well, and the downstream aluminum oxide procurement demand is better than in the early period, rising overall, and the holiday is approaching, so we can stock up before the festival. It is comprehensively estimated that there is still room for caustic soda to rise next week, depending on the downstream market demand.