1、 Price trend

According to monitoring data from Business Society, the price of caustic soda was relatively strong on January 21st. On January 21st, the average price of caustic soda in the Shandong region was 985 yuan/ton, an increase of 19.11% compared to January 1st.

2、 Market analysis

According to survey data from Business Society, the price of caustic soda tends to be strong in the operating market. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 980-1050 yuan/ton for 32% ion exchange membrane alkali. The price of caustic soda in Shandong region is relatively strong, with a mainstream market price of around 930-1030 yuan/ton for 32% ion exchange membrane alkali. The overall operation of the liquid alkali market in Shandong is relatively strong, and the overall inventory is still not high. The tight supply situation in the market has led to an increase in caustic soda prices, and the export business has entered a period of explosive growth. Downstream demand is approaching the Spring Festival, but it is still relatively positive.

On January 20th, the Business Social Chemical Index was 837 points, unchanged from yesterday, a decrease of 40.21% from the highest point of 1400 points during the cycle (October 23, 2021), and an increase of 39.97% from the lowest point of 598 points on April 8, 2020. (Note: The cycle refers to the period from December 1, 2011 to present)

Business analysts believe that in the near future, the price of caustic soda has been relatively strong, with low inventory in some areas. Downstream demand is expected to remain strong in the later period of the Spring Festival, depending on downstream market demand.