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Caustic soda: Futures fell significantly during the day, and spot prices rose regionally

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September 15, 2023, 4:53 PM


Caustic soda futures analysis:    September 15 SH2405 contract opening price: 2950, highest price: 3060, lowest price: 2790, spread 270,270: position: 407987, increased position 30330: settlement price: 2915, yesterday settlement: 2950, down: 35, daily trading volume: 407987 hands, precipitated capital: 468 million, capital inflow: 468 million.

 

Market price of caustic soda:

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

Specifications

Market

September fourteenth

September fifteenth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

1100-1400

1100-1400

0/0

Ex-factory price

Northwest

864-896

864-896

0/0

Ex-factory price

North China

840-950

840-950

0/0

-

Hebei

920-950

920-950

0/0

Ex-factory price

South China

1040-1200

1090-1250

50/50

Can price

Shandong

840-930

870-930

30/0

Current exchange rate

Zhejiang

1030-1050

1080-1100

50/50

-

Jiangsu Province

930-960

930-1000

0/40

Delivery price

Tianjin

2900-3000

2900-3000

0/0

A discount of 100%

Anhui Province

900-920

900-920

0/0

Ex-factory price

Henan

2700-3050

2800-3150

100/100

A discount of 100%

50% ionic membrane alkali

North China

1580-1850

1580-1850

0/0

Ex-factory price

Hebei

1640-1850

1640-1850

0/0

Ex-factory price

Shandong

1580-1640

1580-1640

0/0

Current exchange rate

Tianjin

3050-3400

3050-3400

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

1540-1600

0/0

Ex-factory price

30% ionic membrane alkali

Southwest

1025-1085

1025-1085

0/0

-

48% ionic membrane alkali

Henan

3100-3350

3100-3350

0/0

A discount of 100%

 

Caustic soda spot analysis:       today China's caustic soda market continues to show a rising trend, low concentration alkali prices in some areas, high concentration alkali prices are relatively stable, enterprise inventory is low, downstream demand is rigid support, the market transaction atmosphere is OK. Today, the price of the liquid alkali market has mainly risen regionally, and the market operation is relatively flexible. From the point of view of the price adjustment in various regions, 32% of the ionic membrane alkali in some areas has increased by 30-100 yuan / ton, and the prices of other concentrations of alkali have remained stable, and the price range has not been significantly adjusted. The supply of goods in the local market is tight, and the supply side is expected to narrow in the later period, which forms obvious support to the local market. The price center of gravity of the market transaction is mainly moved up, and the surrounding individual areas are affected positively, and the price is mainly rising. The performance of alumina delivery in the lower reaches of some areas is good, and the enterprise shipments are smooth, which brings a positive boost to the local market. The overall trend of the market in other regions is relatively stable, the supply and demand side has not changed much, the industry is mainly watching the market, and the price has not fluctuated obviously.

 

Caustic soda futures analysis:   SH2405 contract opened on the first day of active performance, significantly increased positions within the day. Futures prices rose sharply 2950 points to 3060 points after the shock began to fall, after the break in the morning after the opening short market, futures prices fell more obvious; after the opening in the afternoon, futures prices dived twice in a row, to today's lowest point of 2790, rebounded slightly. Throughout the day, the SH2405 contract significantly increased positions, the market fell significantly. Today's turnover: 23% more, 23.4% empty; Kongping at 20.3% and 20.2%.

 

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index rose to 2881.36 on September 15, up 12.68%, or 0.442%. China's caustic soda index rose.

 

 

Caustic soda post-forecast:     Sept. 15 caustic soda futures listed on the first day of trading, the overall performance of the market is active, the futures price to the opening basic price for several straight-line shock, but then the intraday price began to fall sharply, continued to fall in the afternoon, and rebounded slightly in late trading. From a fundamental point of view, the supply side still shows the situation that there is not much supply on the market and the inventory pressure of the enterprise is not great, and the overhaul of individual devices in the later stage involves little production capacity, while in late September, there are major activities in East China, which will have a certain impact on the start-up of local devices and the transportation of goods, while at the same time, there are enterprise devices restart and new devices put into production, and the later supply shows regional differences in operation. Recently, the overall change in downstream demand is small, and the current demand is mainly supported by rigid demand, while the later period is approaching the National Day Mid-Autumn Festival short holiday. Next week, the demand of traders and downstream industries will increase, and the purchasing enthusiasm is expected to increase. The demand side may bring support to the market. On the whole, the face of supply and demand brings obvious support to the market, and the spot market before the festival or supported by the demand side is more obvious, so we need to pay attention to the situation of both supply and demand.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

September fourteenth

September fifteenth

Rise and fall

Remarks

Northeast China

500-600

500-600

0/0

Tank car quotation

Shandong province

600-800

600-700

0/-100

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

350-450

300-400

-50/-50

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

450-600

450-600

0/0

Tank car quotation

Inner Mongolia

-300-100

100-300

400/200

Tank car quotation

Anhui province

100-300

100-300

0/0

Tank car quotation

Hebei Province

500-600

500-600

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index rose 5.56%, or 1.22%, to 461.11 on September 15. China's liquid chlorine index rose.