1、 Price trend

According to monitoring data from Business Society, caustic soda prices rose in May. At the beginning of the month, the average price of caustic soda in Shandong region was 807 yuan/ton, and at the end of the month, the price of caustic soda in Shandong region was 885 yuan/yuan, an increase of 9.67% and an increase of 11.74% compared to the same period last year. On May 29th, the Business Social Chemical Index was 801 points, a decrease of 1 point from yesterday, a decrease of 42.79% from the highest point of 1400 points during the cycle (2021-10-23), and an increase of 33.95% 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 survey data from Shengyi Society, the overall price of caustic soda has been rising. 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%). This month, the price of caustic soda has risen due to equipment maintenance and reduced supply in the region. Downstream alumina procurement prices have also increased, and some factories have tight supply, which has increased demand for caustic soda and provided favorable support for the price increase.
The analysts of the business society believe that the price of caustic soda has been running steadily in the near future, and the domestic downstream demand is fair in the near future, and the goods are ready before the Dragon Boat Festival, which is a good support. The supply and demand game comprehensively predicts that the caustic soda will maintain a strong running market in the later period, depending on the downstream market demand.