According to the commodity analysis system of Business Society, the price of caustic soda has been consolidating this week. At the beginning of the week, the average market price in Shandong was 3433.33 yuan/ton, and on the weekend it was 3400 yuan/ton. The price has decreased by 0.97%, a decrease of 4.23% compared to the same period last year. On April 11th, the chlor alkali index was 979 points, a decrease of 1 point from yesterday, a decrease of 53.99% from the highest point in the cycle of 2128 points (2021-10-24), and an increase of 37.50% from the lowest point of 712 points on January 5th, 2016. (Note: The cycle refers to 2011-12-01 present)

Upstream caustic soda

According to the Commodity Analysis System of Shengyishe, the price of caustic soda was weak this week. At the beginning of the week, the average market price in Shandong was 814 yuan/ton, and the average market price on weekends was 796 yuan/ton, a decrease of 2.21% in price and a decrease of 11.56% compared to the same period last year. According to the Commodity Analysis System of Business Society, the domestic caustic soda prices have been weak this week. The price of caustic soda in Hubei region is temporarily stable, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 900-960 yuan/ton. The price of caustic soda in Jiangsu region is consolidating, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 780-880 yuan/ton. The price of caustic soda in Jiangsu region is consolidating, with 32% of the mainstream market for ion exchange membrane caustic soda priced at around 780-880 yuan/ton.

Business Society analysts believe that the price of caustic soda has stabilized this week, and downstream demand is average. The enthusiasm of traders for shipping is average, with a wait-and-see attitude as the main factor. Overall, the price of caustic soda may remain stable in the short term, depending on downstream market demand.