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Caustic soda: Futures surged higher and then fell back and fluctuated, and spot prices rose regionally

86,101
September 22, 2023, 3:50 PM


Caustic soda futures analysis:    September 22nd SH2405 contract opening price: 3061, highest price: 3106, lowest price: 3051, spread: 55, position: 51010, reduction: 1370, settlement price: 3078, yesterday settlement: 3069, up: 9, closing price: 3070, daily trading volume: 326405 hands, precipitated funds: 846 million, capital outflow: 16.77 million.

 

Market price of caustic soda:

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

Specifications

Market

September twenty _ first

September twenty _ second

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

1170-1400

1170-1400

0/0

Ex-factory price

Northwest

912-944

912-944

0/0

Ex-factory price

North China

950-1030

980-1080

30/50

-

Hebei

1010-1030

1060-1080

50/50

Ex-factory price

South China

1100-1300

1100-1300

0/0

Can price

Shandong

950-1010

950-1030

0/20

Current exchange rate

Zhejiang

1100-1130

1100-1130

0/0

-

Jiangsu Province

1000-1020

1000-1020

0/0

Delivery price

Tianjin

3150-3300

3200-3400

50/100

A discount of 100%

Anhui Province

900-920

900-920

0/0

Ex-factory price

Henan

2700-3200

2700-3300

0/100

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

3520-3600

3520-3600

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

1580-1600

1580-1600

0/0

Ex-factory price

30% ionic membrane alkali

Southwest

1000-1060

1000-1060

0/0

-

48% ionic membrane alkali

Henan

3200-3500

3200-3500

0/0

A discount of 100%

 

Caustic soda spot analysis:       today China's caustic soda market prices of low concentration rose slightly, high concentration market is relatively stable, operators are mainly cautious wait-and-see, near the weekend, the regional market wait-and-see mood increased, market transactions are lukewarm. Today, the liquid alkali market is mainly regional upward, with low concentration prices rising and high concentration markets relatively stable. From the point of view of market price adjustment in various regions, 32% ionic membrane alkali has risen 20-100 yuan per ton in some areas, and the prices of other concentrations of alkali have remained stable, and the price range has not been significantly adjusted. First of all, an alumina factory in the lower reaches of Shandong continues to raise the purchase price of liquid alkali, coupled with the low inventory of local enterprises, which mainly supports the rise of transaction prices in the local market; local enterprises ship smoothly and are enthusiastic about receiving goods downstream, and the supply of goods is slightly tight, which can boost the liquid alkali market; in some areas, the equipment load is not high, the enterprise inventory is tight, the shipment is tight, and the transaction price center of gravity moves up. 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. Upstream production enterprises in some areas manufacturers raised quotations, most of the regional manufacturers wait and see price stability. Today, the tablet alkali market continues to be mainly sorted out, the production of sheet alkali plants in individual enterprises is unstable, most of the devices are started normally, and the overall supply is relatively stable. Local market transaction prices have loosened, the mentality of operators is relatively weak, most of them show a wait-and-see mentality.

 

Caustic soda futures analysis:   SH2405 contracts rise as a whole and fall back. The night market jumped high and quickly shot up to today's highest price of 3106, but the high was not supported, and then began to fluctuate downwards; today's daytime futures fluctuated around 3068, during which there was no big market. Today's trading situation: 20.2% more open 19.4%; empty 20.5% more than 21.6%.

 

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index rose to 3038.54 on September 22, up 24.71%, or 0.82%. China's caustic soda index rose.

 

 

Caustic soda late forecast:    SH2405 contract rose first and then fell, although the futures price rose, but highly restricted, failed to break through yesterday's high price, the market showed active time, the upside of the futures price came from the lack of fundamental support, so the futures price rose and then fluctuated back. In the spot aspect, the downstream stock preparation enthusiasm of the liquid alkali market is weaker than that of the previous period, but the alumina purchasing liquid alkali price has been raised again, which has brought a certain boost to the market. Liquid alkali enterprises still have a strong price mentality, and there is still room for liquid alkali prices to rise before the festival, but the range may be relatively limited. At present, the tablet alkali market is relatively weak, and near the National Day short holiday, manufacturers have a strong price stabilization mentality, pre-festival factory quotations or relatively stable, regional market transaction prices may be downward. It is expected that the overall operation of the short-term caustic soda market may be differentiated.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

September twenty _ first

September twenty _ second

Rise and fall

Remarks

Northeast China

100-200

200-400

100/200

Tank car quotation

Shandong province

100-300

300-500

200/200

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

50-100

200-300

150/200

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

200-350

350-450

150/100

Tank car quotation

Inner Mongolia

400-600

400-600

0/0

Tank car quotation

Anhui province

100-300

100-300

0/0

Tank car quotation

Hebei Province

200-300

300-400

100/100

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index rose 88.89%, or 29.63%, to 388.89 on Sept. 22, while China's liquid chlorine index rose.

 

 

Caustic soda holding the list: