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Caustic soda: Futures hit the daily limit on the third day of listing, with significant increases in positions on the market and spot prices rising

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September 19, 2023, 4:38 PM


Caustic soda futures analysis:    Sept. 19 SH2405 contract opening price: 2913, highest price: 3086, lowest price: 2898, spread: 188, position: 46067, increase: 13594, settlement price: 3023, yesterday settlement: 2884, up: 139, closing price: 3040, daily trading volume: 515904 hands, precipitated capital: 756 million, capital inflow: 247 million.

 

Market price of caustic soda:

Summary of market price of caustic soda (unit: yuan / ton)

Specifications

Market

September eighteenth

September nineteenth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

1100-1400

1150-1400

50/0

Ex-factory price

Northwest

864-896

912-944

48/48

Ex-factory price

North China

920-990

940-990

20/0

-

Hebei

970-990

970-990

0/0

Ex-factory price

South China

1090-1250

1100-1250

10/0

Can price

Shandong

920-980

930-1010

10/30

Current exchange rate

Zhejiang

1080-1100

1080-1100

0/0

-

Jiangsu Province

950-1000

980-1000

30/0

Delivery price

Tianjin

3150-3180

3150-3180

0/0

A discount of 100%

Anhui Province

900-920

900-920

0/0

Ex-factory price

Henan

2800-3150

2700-3200

100/50

A discount of 100%

50% ionic membrane alkali

North China

1620-1750

1660-1750

40/0

Ex-factory price

Hebei

1700-1750

1700-1750

0/0

Ex-factory price

Shandong

1620-1680

1670-1700

50/20

Current exchange rate

Tianjin

3520-3550

3520-3550

0/0

A discount of 100%

Southwest

3550-3650

3550-3650

0/0

A discount of 100%

99% tablet alkali

Northwest

3200-3450

3200-3450

0/0

Ex-factory price

Shandong

3550-3650

3550-3650

0/0

Ex-factory price

45% ionic membrane alkali

Northeast China

1680-1750

1680-1750

0/0

Ex-factory price

49% ionic membrane alkali

Jiangsu Province

1540-1600

1580-1600

40/0

Ex-factory price

30% ionic membrane alkali

Southwest

1025-1085

1025-1085

0/0

-

48% ionic membrane alkali

Henan

3200-3350

3200-3400

0/50

A discount of 100%

 

Caustic soda spot analysis:       today China's caustic soda market continues to rise, the center of gravity of market transactions in most areas of the liquid caustic soda market moves up, the market atmosphere is OK, there are regional differences in supply and demand, and the wait-and-see mood of the tablet caustic soda market increases. Today, the market price of liquid alkali continues to rise, and the market atmosphere is good. Judging from the price adjustment in various regions, 32% of ionic membrane alkali rose 10-100 yuan / ton, 50% ion-exchange membrane alkali rose 20-50 yuan / ton, 48% ion-exchange membrane alkali rose 50 yuan / ton, 49% ion-exchange membrane alkali rose 40 yuan / ton, and the prices of other concentrations of alkali remained stable, and there was no significant adjustment in the price range. Market transactions in some areas are active, enterprise shipments are relatively smooth, and prices rise mainly; individual areas are driven by rising prices in Shandong, and the price center of market transactions moves upward; the enthusiasm of receiving goods downstream in some areas is OK, and the situation of enterprise shipments is tight, which supports the local market; the overall trend of the market in other areas is relatively stable, with little change in supply and demand, operators wait and see the market, and prices do not fluctuate significantly. Upstream production enterprises in most areas manufacturers raised quotations, some manufacturers wait and see price stability. Today, the regional market of tablet alkali is mainly wait-and-see, the price center of gravity of the market transaction does not change much, the factory pre-sale situation is normal, the enterprise quotation has not been significantly adjusted, the enterprise shipping situation is more flexible, the market mentality is cautious.

 

Caustic soda futures analysis:   SH2405 contract upward obviously. Late in the morning, the price quickly rose to a high of 3082 and then fell slightly near the 3040 line, and continued to maintain a high and narrow concussion trend in the afternoon, and fell back to 3040 points after continuing to rise to a new high of 3086 in the late afternoon. Today's trading: 22% more, 20.4% empty; 21.9% more than flat 21.4%.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index rose 18.35%, or 0.618%, to 2988.51 on September 19. China's caustic soda index rose.

 

 

Caustic soda late forecast:     futures listed on the third day, the futures market strong uplink hit the limit of 3086, the market significantly increased to more than 21,000 hands, and then decreased to 13594 shares at the end of the day, the futures performance was active. From the spot market point of view, an alumina factory in Shandong announced that it would continue to raise the purchase price of liquid alkali from September 20. up to now, the purchase price of downstream alumina has been raised four times in a row, which has obviously supported the market. The price rise in Shandong, the main producing area, has an obvious driving effect on other regions, coupled with the expected reduction of supply in East China in the later stage, and there is regional support for supply in the face of the market. In the later stage of the demand side, there is also the expectation of rigid stock, and both the supply and demand sides are expected to support the market to a certain extent in the later stage, and the liquid alkali market is expected to continue to rise in the short term. At present, the trading atmosphere of the tablet alkali market has weakened, the manufacturers' mentality is cautious, mostly wait-and-see, the market transaction price does not change much, it is expected that the short-term tablet alkali market horizontal market consolidation, the regional market mentality is more cautious.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

September eighteenth

September nineteenth

Rise and fall

Remarks

Northeast China

300-400

200-300

-100/-100

Tank car quotation

Shandong province

400-500

200-300

-200/-200

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

300-400

1-100

-299/-300

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

450-600

350-500

-100/-100

Tank car quotation

Inner Mongolia

100-300

300-600

200/300

Tank car quotation

Anhui province

100-300

100-300

0/0

Tank car quotation

Hebei Province

300-400

300-400

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index was 344.44, down 55.56, or 13.89%, on Sept. 19. China's liquid chlorine index fell.