1、 Price trend:
According to the monitoring data of business agency, the average price of caustic soda in Shandong market at the beginning of the week was 600 yuan / ton, while the average price in Shandong market at the end of the week was 602.5 yuan / ton, up 0.42. The caustic soda commodity index on February 20 was 86.69, unchanged from yesterday, down 58.09% from 206.87 (2017-11-14), the highest point in the cycle, and up 18.32% from 73.27, the lowest point on March 29, 2015. (Note: cycle refers to 2011-09-01 to now)
2、 Market analysis
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Product: the overall consolidation trend of caustic soda price this week is mainly. The price of 32% ion-exchange membrane caustic soda market in Shandong Province is stable, with a quotation of about 580-650 yuan / ton. The caustic soda enterprises have devices to stop, the market supply is reduced, and the trading atmosphere is flat. It is expected that the trend of narrow consolidation will run in the short term. The caustic soda market in Jiangsu Province is stable for the time being, with the main stream of 32% of the caustic soda market of 630-740 yuan / ton. The market is relatively stable with low load operation and weak trading. The start-up of caustic soda enterprises is still in the process of load reduction production, and the downstream demand side is general. The owners are more cautious and wait-and-see attitude.
Industrial chain: due to the impact of the epidemic situation in the downstream, the enterprises are not enough to start work, and the demand for caustic soda is limited. Logistics has not been fully recovered, and enterprises have difficulties in shipping. The overall demand for caustic soda is not much.
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Industry: according to the price monitoring of the business agency, in the sixth week of 2020 (2.10-2.14), there are 1 rising commodity, 1 falling commodity, and 3 rising and falling commodities. The main commodities rising were caustic soda (2.16%); the main commodities falling were PVC (- 1.10%). This week’s average was 0.21%.
According to analysts of business cooperatives, transportation has not yet recovered, and the delivery pressure of caustic soda enterprises is still on. At present, flexible delivery is the main mode of delivery, construction in other regions has not been significantly improved, and the overall operation of the domestic market is flat. It is expected that the consolidation and operation of domestic caustic soda market will be dominated.
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