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Caustic soda: Futures continue to decline, spot prices are mixed, and most wait and see

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September 26, 2023, 4:37 PM


Caustic soda futures analysis:    September 26th SH2405 contract opening price: 2946, the highest price: 2970, the lowest price: 2870, the spread: 2870, the position: 51323, the reduction: 2664, the settlement price: 2918, yesterday's settlement: 3001, down: 83, the closing price: 2902, the daily trading volume: 291703 hands, the precipitated capital: 804 million, the capital outflow: 54.28 million.

 

Market price of caustic soda:

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

Specifications

Market

September twenty _ fifth

September twenty _ sixth

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

980-1080

970-1050

-10/-30

-

Hebei

1060-1080

1010-1050

-50/-30

Ex-factory price

South China

1100-1300

1100-1300

0/0

Can price

Shandong

950-1030

950-1030

0/0

Current exchange rate

Zhejiang

1150-1180

1150-1180

0/0

-

Jiangsu Province

1000-1020

1000-1080

0/60

Delivery price

Tianjin

3200-3400

3200-3400

0/0

A discount of 100%

Anhui Province

980-1000

1020-1050

40/50

Ex-factory price

Henan

2700-3300

2700-3300

0/0

A discount of 100%

50% ionic membrane alkali

North China

1630-1750

1630-1750

0/0

Ex-factory price

Hebei

1700-1750

1700-1750

0/0

Ex-factory price

Shandong

1650-1700

1650-1700

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 is mixed, some areas have different price adjustment directions, some areas have certain differences in supply and demand, most regional markets maintain a wait-and-see mentality, market transactions are general. Today, the trend of the liquid alkali market is different, and prices vary. From the point of view of price adjustment in various regions, 32% of ionic membrane alkali has risen 40-60 yuan / ton in some areas and dropped 10-50 yuan / ton in some areas. The prices of other concentrations of alkali have remained stable, and the price range has not been significantly adjusted. In some areas, the starting load of enterprise installations is insufficient, the situation of enterprise shipments is tight, and the supply forms obvious favorable support in the face of the market, and the surrounding areas are also affected by this, and prices rise mainly; prices fall in some areas. the enthusiasm of downstream enterprises and traders to receive high-priced goods is not high, the enterprise shipping pressure is high, the local manufacturers lower the factory quotation, and the market transaction price center of gravity moves down mainly. 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. Some manufacturers of upstream production enterprises adjust their quotations, and the price adjustment direction is different. Today, the tablet alkali market continues to sort out mainly, the market transaction situation is slightly general, the purchase of rigid demand is mainly maintained downstream, the enthusiasm of receiving goods is not high, the pre-sale of manufacturers is normal, operators in most areas wait and see mainly, and the market trend in most areas is relatively stable. The overall performance of the mentality is more cautious.

 

Caustic soda futures analysis:   SH2405 contracts show a downward trend throughout the day. After the opening of night trading rose slightly to 2970, the highest level today, the downward trend began; during the day, the market fluctuated in the first line of 2920 in the morning, then fell slightly in the late afternoon, and the futures price fluctuated around 2885 in the afternoon, rebounding slightly after the lowest price of 2870. the disk closed at 2902. Today's turnover: 17.5% more, 19.8% empty; 21.8% more than flat 20.5%.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index was 3052.5 on September 26, up 10%, or 0.33%. China's caustic soda index rose.

 

 

Caustic soda late forecast:     futures SH2405 contract trend continuous downward, the futures price listed for 8 days roughly showed the first up and then down the two markets, the current futures price has been lower than the listing price, the capital impact on the market is more obvious, today's short-term futures may still have signs of decline. In terms of spot, there are regional differences between supply and demand at present, the cautious mentality of the market increases, most operators wait and see, prices in some areas are adjusted due to the influence of local supply and demand, and enterprises in individual areas actively ship goods mainly, while downstream stock preparation is basically over, the overall enthusiasm for receiving goods is not high, the pre-festival market looks at most areas or maintain shock finishing, and each region flexibly adjusts prices mainly. The probability of a large market trend in the market is small, and the regional market mentality may be more cautious.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

September twenty _ fifth

September twenty _ sixth

Rise and fall

Remarks

Northeast China

200-400

200-400

0/0

Tank car quotation

Shandong province

300-500

300-500

0/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

200-300

50-100

-150/-200

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

350-450

350-450

0/0

Tank car quotation

Inner Mongolia

400-600

400-600

0/0

Tank car quotation

Anhui province

100-300

150-200

50/-100

Tank car quotation

Hebei Province

300-400

300-400

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, on September 26, China's liquid chlorine spot index was 363.89, down 25, or 6.43%. China's liquid chlorine index fell.

 

 

Caustic soda holding the list: