1、 Price trend
According to the Commodity Analysis System of Shengyishe, the price of caustic soda has rebounded after stopping its decline. On July 1st, the average market price in Shandong was around 794 yuan/ton, and on July 3rd, the average market price was 800 yuan/ton, with a price increase of 0.76%.
2、 Market analysis
According to the commodity analysis system of Business Society, the maintenance of equipment in the Shandong region has boosted the downstream market mentality and increased the enthusiasm for downstream procurement. The price of caustic soda in Hubei region is currently stable, with a mainstream market price of around 970-1050 yuan/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Shandong region has slightly increased, with a mainstream market price of around 760-850 yuan/ton for 32% ion exchange membrane caustic soda. The mainstream transaction in Jiangsu region is around 860-940 yuan/ton.
According to the price monitoring of Business Society, in the 26th week of 2024 (6.24-6.28), there were 0 products that rose, 2 products that fell, and 5 products that rose or fell to 0 in the chlor alkali industry price list. The main commodities falling are PVC (-1.59%) and caustic soda (-0.25%). The average increase and decrease this week is -0.26%.
Analysts from Business Society believe that in recent times, the price of caustic soda has stopped falling and rebounded, with prices rising. Some liquid alkali enterprises in Shandong have low inventory and decent shipments. Downstream demand for alumina is slightly better than in the early stage. The comprehensive supply-demand game predicts that caustic soda will maintain a stable and upward trend in the later stage, depending on downstream market demand.
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