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Caustic soda: Futures prices continue to rise strongly, the technical gold fork trend expands, and spot prices are mixed

91,240
November 6, 2023, 4:19 PM


Caustic soda futures analysis:    November 6 SH2405 contract opening price: 2635, highest price: 2689, lowest price: 2626, spread: 63, position: 73703, reduced position: 5471, settlement price: 2655, yesterday settlement: 2614, up: 41, closing price: 2684, daily trading volume: 188287 hands, precipitated capital: 1.424 billion, capital outflow: 69.24 million.

 

Market price of caustic soda:

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

Specifications

Market

November third

November sixth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

950-1350

950-1350

0/0

Ex-factory price

Northwest

896-928

896-928

0/0

Ex-factory price

North China

760-840

760-840

0/0

-

Hebei

810-840

810-840

0/0

Ex-factory price

South China

1020-1280

1020-1280

0/0

Can price

Shandong

730-870

730-870

0/0

Current exchange rate

Zhejiang

1050-1100

1050-1100

0/0

-

Jiangsu Province

760-850

790-860

30/10

Delivery price

Tianjin

2800-2900

2600-2650

-200/-250

A discount of 100%

Anhui Province

760-880

760-880

0/0

Ex-factory price

Henan

2850-3000

2850-3000

0/0

A discount of 100%

50% ionic membrane alkali

North China

1320-1450

1320-1450

0/0

Ex-factory price

Hebei

1440-1450

1440-1450

0/0

Ex-factory price

Shandong

1320-1480

1280-1350

-40/-130

Current exchange rate

Tianjin

3000-3050

2900-3000

-100/-50

A discount of 100%

Southwest

3200-3300

3200-3300

0/0

A discount of 100%

99% tablet alkali

Northwest

2650-3000

2650-3000

0/0

Ex-factory price

Shandong

3500-3600

3500-3600

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

1260-1430

1320-1430

60/0

Ex-factory price

30% ionic membrane alkali

Southwest

940-1000

940-1000

0/0

-

48% ionic membrane alkali

Henan

3100-3250

3100-3250

0/0

A discount of 100%

 

Caustic soda spot analysis:      today China's caustic soda market shows differential operation, prices rise and fall each other, the market transaction atmosphere is general, there are regional differences between supply and demand, the market trading atmosphere is general, the market is still in a situation of more supply and less demand. Today, the price of the liquid alkali market is regionally adjusted, the price goes up and down, and the overall performance of the market transaction is mediocre. Judging from the price adjustment in various regions, 32% of the ion-exchange membrane alkali individually fell 200-250 yuan / ton. Individually, it rose 10-30 yuan / ton, 49% ion-exchange membrane alkali rose 60 yuan / ton, 50% ion-exchange membrane alkali fell 40-130 yuan / ton, and the prices of other concentrations of alkali remained stable, and the price range has not been significantly adjusted. The price rise in individual areas is mainly due to the overhaul of local caustic soda plants, the supply in the market has been reduced, the local price has been supported, and the price center of market transaction has shifted upward; the downstream demand in some areas is weak, and the shipping situation of enterprises is poor, and the market transaction is slightly light, so lowering the shipping price is the main way to promote the transaction. The market prices in other regions are stable, the changes between supply and demand are not obvious, the market mentality is more cautious, and there is no obvious price adjustment. Upstream production enterprises a small number of manufacturers down 10-50 yuan / ton, the mentality of most regional manufacturers cautious, ex-factory quotations temporarily stable. Today, the tablet alkali market continues to be sorted out mainly, the new order prices of various manufacturers in the northwest region have not been quoted at the beginning of the week, the market trend in each region is relatively stable, the transaction price has not been significantly adjusted, the shipping situation of merchants is relatively stable, and the mentality of operators is more cautious. Wait and see the market at the beginning of the week.

 

Caustic soda futures analysis:    caustic soda SH2405 contract continues to show a clear upward trend. After opening high, night prices fluctuated near the 2645 line; early prices began to wobble upwards after opening slightly lower, and afternoon prices continued to rise and hit today's high of 2689. As of today's close, SH2405 contracts fluctuated in the range of 2626-2689 throughout the day, with a price difference of 63. 55.The contract reduced its position by 5471 hands and has held 73703 positions so far.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index was 2864.63, up 0.23%, or 0.008%, and China's caustic soda index rose.

 

 

Prediction of the later stage of caustic soda:    

Futures: caustic soda SH2405 contract has a good trend in the past two days, and the overall reduction of positions on the disk is mainly upwards. trading situation: 18.5% more than short opening 16.5%, empty 20.5% versus more than 20.1%, although more opening is greater than short opening, but from the perspective of large single transactions, 8.9% more than 8.8%, the two sides are neck and neck. At the technical level, it shows that the upper and middle tracks of the Bolin belt (13, 13, 2) are upward, the lower tracks are still downward, the price breaks through the upper tracks and continues to rise, and the daily KD line gold fork trend and MACD line gold fork trend continue to expand. Short-term futures still have an upward trend.

Spot aspect: today's market operation is different, some areas are supported by the supply side, the market shows an upward trend that has not been seen for a long time, there are more maintenance devices in some areas, and the supply tends to be less, which is favorable to the local market; if a factory in Inner Mongolia starts a caustic soda plant today, the follow-up supply will increase; there are still no obvious positive factors in market fundamentals in most other areas. Downstream demand side as a whole to maintain rigid demand, terminal products enterprises rigid demand replenishment, demand upward transmission is not smooth, the purchase of caustic soda is poor. At present, the current market situation shows that there is more supply and less demand. In the news, there is news that the big bauxite countries exchanged fire fiercely and closed the border! The country's bauxite production accounted for 22 per cent of global production in 2021, and its bauxite production and exports increased by 18 per cent and 19 per cent respectively in 2022 compared with the same period last year. On the whole, it is expected that the price of each region of the short-term caustic soda market will be adjusted flexibly.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

November third

November sixth

Rise and fall

Remarks

Northeast China

200-400

200-400

0/0

Tank car quotation

Shandong province

300-400

300-400

0/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

100-150

150-200

50/50

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

250-450

150-350

-100/-100

Tank car quotation

Inner Mongolia

350-450

350-450

0/0

Tank car quotation

Anhui province

100-150

100-150

0/0

Tank car quotation

Hebei Province

300-500

300-500

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, on November 6, China's liquid chlorine spot index was 344.44, down 5.56, or 1.59%. China's liquid chlorine index fell.

 

 

Caustic soda holding the list: