August 21 news
August 21, 2026—Key Insights on Caustic Soda: The mean difference indicator suggests that caustic soda prices are in a volatile yet bullish range. Recently, mainstream manufacturers in Shandong have continuously raised their quoted prices. The capacity utilization rate of sampled enterprises edged up month-on-month, while factory inventories declined month-on-month. Coupled with the fact that prices over both the 60-day and 1-year periods remain at low levels, downside room is limited, providing short-term price support against further declines. Below is a detailed analysis:
1. Average Difference Variation Table
2. Signal Status Determination
Three differences did not change in a completely consistent direction compared to the previous day, indicating a volatile market. Considering the characteristics of the narrowing 20-day difference and the resilience of prices, it is determined to be a resilience warning (biased towards bullish) signal.
3. Trend Direction Conclusion
Soda ash prices are expected to fluctuate with a bullish bias in the short term. Reasons: The 5-day and 10-day average differences remained unchanged from yesterday, while the 20-day average difference narrowed (from -1.30 to -1.10). The changes in these three indicators are not entirely consistent, which fits the criteria for a fluctuating market according to the average difference method. Additionally, major manufacturers such as Shandong Xinfa and Luxi Chemical have continuously raised their quotes. The capacity utilization rate of sample enterprises has increased month-over-month, and factory inventories have decreased month-over-month, providing clear support against price declines in the short term, indicating a bullish trend.
4. Position Space Reference
60-day cycle price position: low, with limited downside; 3-month cycle price position: mid-low, with some support for an increase; 1-year cycle price position: low, with strong bottom support.
5. Trend chart display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
