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Caustic soda: The market started off well at the beginning of the week, with different increases in most regions, and there is support for fundamentals

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August 7, 2023, 3:10 PM


Caustic soda spot analysis:      today China's caustic soda market as a whole shows a red upward trend, the supply side of some areas to bring some support to the market, the market transaction atmosphere is considerable, most of the market upward at the beginning of the week, the performance of the regional market mentality is OK. The local market transaction level has been maintained in the early stage, and the market price range has not changed significantly. Today, the center of gravity of market transactions in some areas of the liquid alkali market has moved up, and the overall performance of the market is considerable. Judging from the price adjustment in various regions, 32% of the ion-exchange membrane alkali rose 5-40 yuan / ton, 50% ion-exchange membrane alkali rose 40-50 yuan / ton, 48% ion-exchange membrane alkali rose 50 yuan / ton, 49% ion-exchange membrane alkali rose 15 yuan / ton, and the prices of other concentrations of alkali remained stable, and the price range was not significantly adjusted. First of all, chlor-alkali plants in some areas are expected to be overhauled this week, which has boosted the mentality of the local market, increased confidence in quotation, and the shipments of some enterprises are OK, so it supports the upward movement of the price center of the local market; the inventory of chlor-alkali enterprises in some areas is low, coupled with the rising local alumina prices drive the caustic soda market up; some areas are mainly affected by rising prices in Shandong. There are still some areas where the supply and demand side of the market does not change much, enterprise shipments are mainly stable, downstream demand maintains the pace of lukewarm rigid demand procurement, the wait-and-see atmosphere in the market is heavy, and there is no obvious change in the market transaction price range. Upstream production enterprises in Shandong area, most manufacturers raise their ex-factory quotations ranging from 10-50 yuan / ton, while most manufacturers in other areas wait and see for stable prices. Today, most areas of the tablet alkali market are mainly wait-and-see at the beginning of the week, market transactions are relatively flexible, market shipments in individual areas are OK, downstream demand is stable, prices move up, and downstream demand in most areas remains lukewarm and lukewarm, the market trading atmosphere maintains the previous level, the price range has not been significantly adjusted, and the mentality is relatively cautious.

 

Market price of caustic soda:

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

Specifications

Market

August fourth

August seventh

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

850-1200

850-1200

0/0

Ex-factory price

Northwest

770-810

800-840

30/30

Ex-factory price

North China

660-910

700-910

40/0

-

Hebei

725-900

725-900

0/0

Ex-factory price

South China

860-1050

880-1050

20/0

Can price

Shandong

660-750

685-750

25/0

Current exchange rate

Zhejiang

930-970

950-980

20/10

-

Jiangsu Province

780-860

785-860

5/0

Delivery price

Tianjin

2440-2500

2440-2500

0/0

A discount of 100%

Anhui Province

820-850

820-850

0/0

Ex-factory price

Henan

2600-2800

26900-2850

0/50

A discount of 100%

50% ionic membrane alkali

North China

1120-1850

1170-1850

50/0

Ex-factory price

Hebei

1200-1850

1200-1850

0/0

Ex-factory price

Shandong

1120-1170

1160-1210

40/40

Current exchange rate

Tianjin

2540-2600

2540-2600

0/0

A discount of 100%

Southwest

3100-3200

3100-3200

0/0

A discount of 100%

99% tablet alkali

Northwest

2800-3000

2800-3000

0/0

Ex-factory price

Shandong

2900-3150

2900-3150

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

1250-1300

1265-1300

15/0

Ex-factory price

30% ionic membrane alkali

Southwest

915-925

915-925

0/0

-

48% ionic membrane alkali

Henan

3000-3100

3000-3150

0/50

A discount of 100%

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index rose to 2423.45 on August 7, up 22.06%, or 0.919%. China's caustic soda index rose.

 

 

Caustic soda late forecast:     early week market off to a good start, most regional market prices rise, basically facing the market has a certain support. In the later stage, there are still maintenance plans for individual devices on the supply side this week, and some devices in some areas may have a low operating rate, and the supply has a certain positive support in the face of the local market. Devices in other areas have not heard of the relevant negative reduction or maintenance news, the start-up load or change is not large, the role of supporting the local market is not obvious. The recent trend of the alumina market downstream of the main demand side is OK, the price has risen continuously, and there is no price reduction on the purchase price, and according to the current situation, the rising price of caustic soda has not produced a greater repulsive psychology in alumina enterprises. coupled with the relative improvement in non-aluminum demand, the overall demand side has not been significantly negative, but the terminal demand has not been significantly improved, which hinders the rise of the market to a certain extent. There are rumors about the resumption of alumina production in Shanxi, so we need to pay attention to the actual demand after resumption. Short-term caustic soda market is expected to show a regional upward trend, we need to pay attention to the changes of both supply and demand.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

August fourth

August seventh

Rise and fall

Remarks

Northeast China

-100-200

-100-200

0/0

Tank car quotation

Shandong province

1-150

1-150

0/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

1-100

1-100

0/0

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

1-250

1-250

0/0

Tank car quotation

Inner Mongolia

-300-100

-300-100

0/0

Tank car quotation

Anhui province

1-50

1-50

0/0

Tank car quotation

Hebei Province

-100-200

-100-200

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index was 177.89 on August 7, down 0%, with a range of 0%. China's liquid chlorine index is stable.