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Caustic soda: Futures show a negative cross star, with relatively obvious open positions, and spot prices adjust sporadically

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October 13, 2023, 4:10 PM


Caustic soda futures analysis:    October 13 SH2405 contract opening price: 2752, highest price: 2765, lowest price: 2666, spread: 99, position: 70131, increase: 6740, settlement price: 2703, yesterday settlement: 2707, down: 4, closing price: 2682, daily trading volume: 232766 hands, precipitated capital: 1.354 billion, capital inflow: 99.57 million.

 

Market price of caustic soda:

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

Specifications

Market

October seventh

October twelfth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

1170-1400

1170-1400

0/0

Ex-factory price

Northwest

896-1008

912-1024

0/0

Ex-factory price

North China

970-1050

930-1050

0/0

-

Hebei

1010-1050

1020-1050

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

890-1080

0/0

Delivery price

Tianjin

3200-3400

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

1670-1680

1710-1740

0/0

Ex-factory price

Shandong

1580-1700

1570-1670

-10/0

Current exchange rate

Tianjin

3520-3600

3650-3700

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

1520-1600

1500-1640

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 trend of China's caustic soda market is stable and small, individual regional market transaction prices are adjusted sporadically, the vast majority of regional market performance is more cautious, the market fundamentals have not changed significantly, the wait-and-see mood of operators is increased near the end of the week, more wait-and-see market-based, price adjustment mentality is more cautious. Today, the trading situation in various regions of the liquid alkali market has almost maintained yesterday's level, and the price fluctuation is not obvious. The price of high concentration alkali in some areas has dropped slightly. From the point of view of the price adjustment in various regions, 50% of the ion membrane alkali in some areas has dropped 10 yuan / ton. The prices of other concentrations of alkali have remained stable, and the price range has not been significantly adjusted. The situation of high concentration alkali orders in individual areas is not good, the transaction is not ideal, the price is slightly reduced to promote shipments, the supply and demand in other regions is relatively stable, the supply side is stable and sufficient, the downstream demand is lukewarm, and the overall market trend is not clear. although there are some differences in supply and demand between regions, the market in the region is relatively stable, most of the regional operators wait and see the market, and the operation of entering the market is more cautious. Individual manufacturers of upstream production enterprises have lowered their ex-factory quotations, but most enterprises have not adjusted their ex-factory quotations, and the mentality of price adjustment is more cautious. Today, the transaction situation of the tablet alkali market is relatively flexible, the downstream demand situation is lukewarm, the delivery rhythm of traders is general, there is no obvious change in the transaction price range of various regional markets, and the enthusiasm of operators to enter the market is general. The market trend mostly maintains yesterday's level, and the wait-and-see mood of the operators is heavier.

 

Caustic soda futures analysis:   SH2405 contract all-day downward trend is more obvious. Night trading opened slightly up to today's high 2765 and then began the downward road; in the morning overall showed an inverted "N" trend, afternoon prices rebounded slightly but the overall is not obvious. Today's turnover: 17.1% more, 20.6% empty; 18.6% more than 19.9%.

 

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index was 3059.75 on October 13, falling by 0%, and China's caustic soda index was stable.

 

 

Prediction of the later stage of caustic soda:     Futures: SH2405 contracts showed a downward trend again, increasing positions more than 10,000 hands in the morning, reducing positions in the afternoon, especially in late afternoon trading, closing 20.6% versus opening 17.1% more to form absolute suppression, technical level daily line KD line trend narrowed, MACD still showed an obvious dead fork trend, in the short term, the operation of futures prices may show a low continuous confirmation trend. Spot: on the supply side, the current time node is in mid-October, and some devices will enter the maintenance period, when the supply will be reduced regionally, which will be good support for the market. The devices originally planned to be reopened by individual enterprises in the northwest region will be delayed again, and the supply on the market as a whole will be reduced. The demand change downstream of the demand side is not expected to be large, or mainly to maintain rigid demand procurement, the enthusiasm of receiving goods downstream in some areas is poor, enterprise inventory has increased, and there are negative factors in the market in this region. In addition, in terms of policy, the Ministry of Ecology and Environment organized to draft a draft for soliciting opinions on the comprehensive treatment of air pollution in autumn and winter from 2023 to 2024 in some areas, including Beijing, Tianjin, Hebei and its surrounding areas, Fen-Wei Plain and other areas, including Shandong, the main producing area of caustic soda, enterprises may face production restrictions and production suspension. On the whole, it is expected that the trend of the short-term caustic soda market may be different, and the price may be mixed.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

October twelfth

October thirteenth

Rise and fall

Remarks

Northeast China

200-400

200-400

0/0

Tank car quotation

Shandong province

200-400

200-400

0/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

100-150

100-150

0/0

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

200-300

200-300

0/0

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

300-400

300-400

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, on October 13, China's liquid chlorine spot index was 360.56, up 0%, and China's liquid chlorine index was stable.

 

 

Caustic soda holding the list: