LYDD Caustic Soda Industry Salon (Wuhai Station) was Successfully Held

On May 10, the "2024 Caustic Soda Industry Salon" hosted by LYDD was successfully held in Wuhai, Inner Mongolia. Zhang Tianhui, Vice President of LYDD and head of the Chlor-Alkali Industry Chain, Zhu Lijing, Purchasing Director of Chlor-Alkali Industry Chain, Yang Kang, Sales Director of Chlor-Alkali Industry Chain, Cao Wei, Sales Director of the Northwest Center of Chlor-Alkali Industry Chain, and Pei Zhongxue, CDO of LYDD Resin Industry Chain, attended the event. Several caustic soda industries gathered together to discuss the innovation and upgrading of the caustic soda industry and the future development path of caustic soda.

With the theme of "Digital Empowerment, Industry Co-promotion", the conference discussed topics such as the empowerment of the industrial Internet for the innovation and upgrading of caustic soda chemical enterprises, as well as the development trend of the caustic soda industry in 2024, and the continuous increase topics of caustic soda production capacity.

During the discussion and exchange, Zhu Lijing, Purchasing Director of Chlor-alkali Industry Chain, delivered "Some Practices in the Direction of Industrial Digitalization", Cao Wei, Sales Director of Northwest Center of Chlor-alkali Industry Chain, delivered "Analysis and Market Outlook of Caustic Soda Industry Chain", and Pei Zhongxue, CDO of LYDD Resin Industry Chain, delivered "Application and Risk Management of Derivatives in Chlor-alkali Sector", which was widely recognized by the industry.

Zhu Lijing introduced the business model of the Duoduo platform, the main business of different Duoduo platforms, and the typical cases of digital empowerment cloud warehouse, cloud logistics, digital factory and industrial chain penetration. She said: "Based on the existing business foundation, LYDD takes data resources as the core production factor, digital technology as the support, and digital platform as the focus to strengthen the caustic soda industry system, realize the digital traceability of caustic soda resources, and look forward to creating new sparks in Duoduo's other main businesses."

Cao Wei introduced the market situation of the caustic soda industry chain. He said: "In 2023, there was no significant change in the downstream consumption field of global caustic soda industry, which was still mainly concentrated in alumina, organic chemistry, inorganic chemistry, papermaking, textile, soap and detergent, water treatment and other industries, and the demand regions were mainly concentrated in Asia, Europe and North America. Caustic soda was the largest in Asia and the fastest growing region. Starting in 2023, the growth rate of production capacity was basically return to normal levels. ”

Pei Zhongxue analyzed the basic concept of derivatives, and now that the financialization of commodities is getting stronger and stronger, the intervention of derivatives has brought new vitality to the spot market. With the development of the market, many commodities have completed the evolution from low complexity to high complexity, and the complexity of commodities has reached the highest level after the market has matured, and the influencing factors of commodities have begun to diversify, and the development of the caustic soda industry is still facing many complex trends in the future.