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Caustic soda: Futures were weak after the holiday and hit a new low, and spot prices were stable.

93,267
October 9, 2023, 4:22 PM


Caustic soda futures analysis:    October 9 SH2405 contract opening price: 2795, highest price: 2839, lowest price: 2750, spread:, position: 47212, increase: 3088, settlement price: 2784, yesterday settlement: 2860, down: 76, closing price: 2779, daily trading volume: 111355 hands, precipitated capital: 945 million, capital inflow: 55.12 million.

 

Market price of caustic soda:

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

Specifications

Market

October eighth

October ninth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

1170-1400

1170-1400

0/0

Ex-factory price

Northwest

912-1024

912-1024

0/0

Ex-factory price

North China

970-1050

970-1050

0/0

-

Hebei

1020-1030

1020-1030

0/0

Ex-factory price

South China

1100-1350

1100-1350

0/0

Can price

Shandong

930-1030

930-1030

0/0

Current exchange rate

Zhejiang

1150-1180

1150-1180

0/0

-

Jiangsu Province

930-1080

930-1080

0/0

Delivery price

Tianjin

3300-3400

3300-3400

0/0

A discount of 100%

Anhui Province

1020-1050

1020-1050

0/0

Ex-factory price

Henan

3250-3550

3250-3550

0/0

A discount of 100%

50% ionic membrane alkali

North China

1590-1750

1590-1750

0/0

Ex-factory price

Hebei

1710-1740

1710-1740

0/0

Ex-factory price

Shandong

1580-1700

1580-1700

0/0

Current exchange rate

Tianjin

3550-3650

3550-3650

0/0

A discount of 100%

Southwest

3400-3500

3400-3500

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

1520-1640

1520-1640

0/0

Ex-factory price

30% ionic membrane alkali

Southwest

970-1030

970-1030

0/0

-

48% ionic membrane alkali

Henan

3350-3850

3350-3850

0/0

A discount of 100%

 

Caustic soda spot analysis:       today, the overall performance of China's caustic soda market is mainly stable, the market in individual regions has changed slightly, the market mentality is relatively cautious at the beginning of the week, prices in most areas have not seen obvious changes, only individual areas of market transaction price center of gravity has moved down, the market has not seen a big market. Today, the overall trend of the liquid alkali market is relatively stable, and the market transaction situation has not changed much compared with yesterday. Most operators hold a wait-and-see mood. From the perspective of regional market price adjustment, the prices of 32% ionic membrane alkali, 50% ionic membrane alkali and other concentrations remain stable, and the price range has not been significantly adjusted. The market prices in some areas of the main producing areas are relatively strong, which is mainly affected by the support of the supply side of plant maintenance; the downstream demand in some areas is relatively flat, the market transaction situation is not ideal, the mentality of operators is relatively cautious, and prices are mostly stable. On the whole, there is little change in supply and demand in various regions of the liquid alkali market, and most of the operators are waiting to see the market, and the price has not fluctuated obviously. Individual manufacturers of upstream production enterprises adjust their ex-factory quotations, and prices go up and down in different directions. Today, the tablet alkali market is stable and small, and the market transaction situation is relatively flexible. Prices are mainly stable in most areas, and there is a slight downward shift in the price center of gravity in individual areas. The quotation of the manufacturer is relatively strong, the pre-sale situation is normal, the downstream receiving enthusiasm is general, the operator is mainly wait-and-see, and the mentality is more cautious.

 

Caustic soda futures analysis:   SH2405 contract opened down, showing a weak operation throughout the day. Yesterday's overnight trading, the opening price of today's morning trading dived after a short period of concussion, and then rebounded slightly to the first line of 2795 shock, followed by shock down, late concussion; afternoon overall weak concussion, during the period there was an all-day low of 2750, rebounded in late trading. Today's trading situation: 15.8% more open, 22.2% empty, 20.6% flat and 17% flat.

 

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index was 3042.18, down 0%, and China's caustic soda index was stable.

 

 

Caustic soda late forecast:     futures SH2405 contract showed five consecutive negative column trend, after the opening trend is weak, the market hit the lowest point since the listing of futures 2750, from today's trading volume, the increase in short positions is more obvious. From the spot market point of view, the devices planned for post-holiday overhaul in some areas of the fundamentals have been gradually implemented yesterday, and the supply side is expected to decrease regionally. In today's market, individual devices went into overhaul yesterday, and the market has not yet had an obvious reaction to it. But in the short term, supply has positive support in the face of the market. On the demand side, a large alumina enterprise in Shanxi has an overhaul plan, another alumina enterprise has postponed its resumption of production, and the downstream construction in most other areas is relatively stable for the time being, with little change in demand, and there are certain differences among regions; as a whole, it is expected that the short-term caustic soda market may fall slightly, and the market may still have an upward trend.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

October eighth

October ninth

Rise and fall

Remarks

Northeast China

400-500

200-400

-200/-100

Tank car quotation

Shandong province

350-600

200-600

-150/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

150-200

50-200

-100/0

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

300-400

200-300

-100/-100

Tank car quotation

Inner Mongolia

400-600

400-600

0/0

Tank car quotation

Anhui province

150-200

150-200

0/0

Tank car quotation

Hebei Province

400-500

300-400

-100/-100

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index was 366.67, down 55.56, or 13.16%, on October 9. China's liquid chlorine index fell.

 

 

Caustic soda holding the list: