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Caustic soda: Futures continued to rise strongly and hit a new high, and spot prices rose regionally

86,409
September 20, 2023, 5:47 PM


Analysis of caustic soda futures:    Sept. 20 SH2405 contract opening price: 3058, highest price: 3148, lowest price: 3038, spread: 110, position: 59971, increase: 13904, settlement price: 3100, yesterday settlement: 3023, up: 77, closing price: 3113, daily trading volume: 598941 hands, precipitated capital: 1.008 billion, capital inflow: 252 million.

 

Market price of caustic soda:

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

Specifications

Market

September nineteenth

September twentieth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

1150-1400

1170-1400

20/0

Ex-factory price

Northwest

912-944

912-944

0/0

Ex-factory price

North China

940-990

950-1030

10/40

-

Hebei

970-990

1010-1030

40/40

Ex-factory price

South China

1100-1250

1100-1250

0/0

Can price

Shandong

930-1010

950-1010

20/0

Current exchange rate

Zhejiang

1080-1100

1100-1130

20/30

-

Jiangsu Province

980-1000

1000-1020

20/20

Delivery price

Tianjin

3150-3180

3150-3300

0/120

A discount of 100%

Anhui Province

900-920

900-920

0/0

Ex-factory price

Henan

2700-3200

2700-3200

0/0

A discount of 100%

50% ionic membrane alkali

North China

1660-1750

1660-1750

0/0

Ex-factory price

Hebei

1700-1750

1700-1750

0/0

Ex-factory price

Shandong

1670-1700

1670-1700

0/0

Current exchange rate

Tianjin

3520-3550

3520-3600

0/50

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

1580-1600

1580-1600

0/0

Ex-factory price

30% ionic membrane alkali

Southwest

1025-1085

1025-1085

0/0

-

48% ionic membrane alkali

Henan

3200-3400

3200-3500

0/100

A discount of 100%

 

Caustic soda spot analysis:       today China's caustic soda market regional upward, liquid caustic soda market transaction price center continues to move up, the supply side has some support, tablet caustic soda market consolidation is mainly, the mentality is not good. Today, the price of liquid alkali market continues to climb, and the market trading atmosphere is OK. From the point of view of regional market price adjustment, 32% ion-exchange membrane alkali rose 10-120 yuan / ton in some areas, 50 yuan / ton in 50% ion-exchange membrane alkali, and 50 yuan / ton in 48% ion-exchange membrane alkali. The prices of other concentrations of alkali remain stable, and the price range has not been significantly adjusted. The purchase price of alumina liquid alkali in the lower reaches of Shandong was raised by 50 yuan per ton today, driving up local prices, and some surrounding areas were also affected by this, boosting prices; the enthusiasm of receiving goods downstream in some areas was good, and the shipping situation of enterprises was better. Market transaction prices are mainly increased. In some areas, the equipment of enterprises has reduced load operation, the supply of liquid alkali has been reduced, the supply of goods has been reduced to support the local market, the overall market trend in other areas is relatively stable, the supply and demand side has little change, the operators wait and see the market mainly, and the price does not fluctuate obviously. Upstream production enterprises in some areas manufacturers raised quotations, some manufacturers wait and see price stability. Today, the market in most areas of tablet alkali continues to wait and see, the price center of gravity of market transaction does not change much, the pre-sale situation of manufacturers is normal, the price center of gravity of market transaction in some areas moves down, and the market mentality is cautious.

 

Caustic soda futures analysis:   SH2405 contract continues to rise to a new high, night trading price fell slightly to the lowest point of the day 3038, strong upward, late trading shock; after hitting a new high of 3148 this morning, the late market rebounded slightly; afternoon prices rose slightly after the shock. Today's turnover: 23.2% more, 20.3% empty; 20.3% more than flat 22.8%.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index was 3014.47 on September 20, up 25.96%, or 0.869%. China's caustic soda index rose.

 

 

Caustic soda late forecast:     today's futures prices hit a new high, significantly increased positions in the market, and the overall operation of futures prices is strong. From the spot point of view, first of all, from the point of view of the liquid alkali market, the price of liquid alkali continues to rise under the support of fundamentals, and there are favorable supporting factors in the liquid alkali market at present. On the one hand, the equipment of the upstream production enterprises is still overhauled, and the load of the equipment in some areas is not high. And the equipment in East China is expected to decline this week, and the supply side still brings positive support to the market. What is needed is that individual manufacturers have new equipment put into production in recent days. The supply side will increase, and there may be regional differences in the supply side at a later stage. On the other hand, the main downstream alumina has been raising the purchase price of liquid alkali recently, boosting the market obviously, and the downstream reserve demand is expected, the fundamentals may bring sufficient support to the market. It is expected that the short-term liquid alkali market will still be mainly regional upward. The overall performance of the tablet alkali market is good and lack of support. this week, the price of the new single price of tablet alkali is horizontal, and each regional market is also cautious and wait-and-see. At present, most of the devices on the supply side are normal and stable, which does not boost the market, and the performance on the demand side is mediocre. Most operators have a weak market mentality and lack of confidence in the future, and it is expected that the price center of gravity in the short-term tablet alkali market may move down to a certain extent.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

September nineteenth

September twentieth

Rise and fall

Remarks

Northeast China

200-300

100-200

-100/-100

Tank car quotation

Shandong province

200-300

100-200

-100/-100

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

1-100

1-50

0/-50

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

350-500

200-350

-150/-150

Tank car quotation

Inner Mongolia

300-600

300-600

0/0

Tank car quotation

Anhui province

100-300

100-300

0/0

Tank car quotation

Hebei Province

300-400

200-300

-100/-100

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index was 288.89 on September 20, down 55.56, or 16.13%. China's liquid chlorine index fell.