1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda has increased this week. On August 20th, the average market price was 801 yuan/ton, and on August 26th, the average market price was around 808 yuan/ton, with a price increase of 0.87% and a year-on-year increase of 1.64%. On August 26th, the chemical index was 857 points, a decrease of 1 point from yesterday, a decrease of 38.79% from the cycle’s highest point of 1400 points (2021-10-23), and an increase of 43.31% from the lowest point of 598 points on April 8th, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

2、 Market analysis

According to the commodity analysis system of Shengyi Society, the price of caustic soda has been rising this week. The price of caustic soda in Shandong region is temporarily stable, with a mainstream market price of around 785-860 yuan/ton for 32% ion-exchange membrane alkali. In Jiangsu region, the price of caustic soda is temporarily stable, with a mainstream market price of around 880-920 yuan/ton for 32% ion-exchange membrane alkali. In Inner Mongolia region, the price of caustic soda is temporarily stable, with a mainstream market price of around 2200-2300 yuan/ton for 32% ion-exchange membrane alkali (converted to 100 yuan). This week, the inventory of caustic soda is low, and the willingness to purchase has increased.

According to the price monitoring of Shengyi Society, in the 34th week of 2024 (8.19-8.23), there was a total of 1 commodity that rose, 3 commodities that fell, and 2 commodities with zero rise and fall in the chlor alkali industry price list. The main commodities experiencing an increase are: caustic soda (0.75%); The main commodities experiencing a decline are baking soda (-1.49%), light soda ash (-0.55%), and PVC (-0.22%). The average increase or decrease this week is -0.25%.

Business analysts believe that in the near future, the price of caustic soda has risen and the inventory in Shandong region has remained relatively low. In addition, some downstream buyers have increased their purchasing intentions at the end of the month. In addition, recent rainfall has led to a decrease in transportation volume. It is expected that caustic soda will continue to rise in the later period, depending on downstream market demand.