1、 Price trend

According to the commodity analysis system of Shengyi Society, the price of caustic soda remained firm on May 29th, with a market average price of around 885 yuan/ton, an increase of 0.45% compared to yesterday. On May 28th, the Business Social Chemical Index was 802 points, unchanged from yesterday, a decrease of 42.71% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 34.11% from the lowest point of 598 points on April 8, 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 is rising and running in the market. The price of caustic soda in Shandong region is around 810-920 yuan/ton in the mainstream market of 32% ion-exchange membrane alkali. The price of caustic soda in Jiangsu region is stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 920-980 yuan/ton. The price of caustic soda in Inner Mongolia region is temporarily stable, and the mainstream market price of 32% ion-exchange membrane alkali is around 2750-2850 yuan/ton (converted to 100%). The inventory of caustic soda enterprises remains relatively low, and the downstream demand for caustic soda has increased compared to before. Shandong liquid alkali is expected to maintain a consolidation market, and the overall inventory pressure of caustic soda is not significant. The non aluminum industry mainly relies on on-demand procurement.
Business analysts believe that in the near future, the price of caustic soda has been operating steadily, and the domestic downstream demand is still acceptable, supporting the strong operation of caustic soda prices. The comprehensive supply-demand game predicts that caustic soda will maintain a strong operating market in the later stage, depending on downstream market demand.