According to the Commodity Analysis System of Business Society, the price of caustic soda has risen this week. At the beginning of the week, the average market price in Shandong was 3383.33 yuan/ton, and on the weekend it was 3433.33 yuan/ton, with a price increase of 1.48% and a decrease of 5.07% compared to the same period last year. On March 10th, the chlor alkali index was 998 points, unchanged from yesterday, a decrease of 53.10% from the highest point in the cycle of 2128 points (2021-10-24), and an increase of 40.17% 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 Business Society, the price of caustic soda has remained stable this week, with an average market price of 781 yuan/ton from the beginning of the week to the weekend, a decrease of 10.84% compared to the same period last year. The price of caustic soda in Shandong region is currently stable, with a mainstream market price of around 730-800 yuan/ton for 32% ion exchange membrane caustic soda. The price of caustic soda in Jiangsu region is currently stable, with a mainstream market price of around 820-880 yuan/ton for 32% ion exchange membrane caustic soda.

Business Society analysts believe that the price of caustic soda has slightly increased this week, and downstream demand has recovered. However, actual demand is limited. Currently, enterprises are actively shipping, and overall, the price of caustic soda may remain stable in the short term, depending on downstream market demand.