Caustic soda: Futures prices fluctuated upward, the gold fork trend on the KD line expanded, and spot prices continued to weaken and decline

Caustic soda futures analysis:    October 27th SH2405 contract opening price: 2539, highest price: 2581, lowest price: 2538, spread: 43, position: 105619, reduced position: 3087, settlement price: 2560, yesterday settlement: 2549, up: 11, closing price: 2571, daily trading volume: 164847 hands, precipitated capital: 1.955 billion, capital outflow: 42.27 million.

Market price of caustic soda:

Caustic soda spot analysis:       today China's caustic soda market continues to show a weak downward trend, the transaction prices of the two caustic soda markets in some areas have declined to varying degrees, the market transaction performance is weak, coupled with the approaching weekend, the mentality of operators is relatively cautious. Today, the liquid alkali market continues to show a regional downward trend, the price center of gravity of the market transaction in some areas has moved downward, and the market mentality is weak. from the perspective of regional market price adjustment, 32% of ionic membrane alkali fell 30-150 yuan / ton, 50% ionic membrane alkali dropped 20-200 yuan / ton, the prices of other concentrations of alkali remained stable, and the price range has not been significantly adjusted. The main downstream alumina enterprises in Shandong area reappear the price depression behavior, and the purchase price of liquid alkali is reduced by 50 yuan / ton to 760 yuan / ton, which has an impact on the market in Shandong area, and the surrounding local areas are affected by Shandong area, the price keeps falling; the enthusiasm of receiving goods downstream of individual areas is poor, the shipping pressure of enterprises is greater, and the price of high concentration alkali has been reduced. The market trend in other regions is relatively stable, there are no factors affecting the market trend, and the price center of gravity of market transactions has not changed significantly for the time being. Upstream production enterprises in Shandong and East China lowered their ex-factory quotations, while manufacturers in some areas wait and see to stabilize prices. Today, the tablet alkali market is weak downward, the price center of gravity of the transaction in most areas has mainly shifted downwards, ranging from 50 to 200 yuan / ton, the enthusiasm of receiving goods downstream is poor, the shipping situation of enterprises is not smooth, and the trading atmosphere on the market is not good. In addition, after the manufacturers reduced the factory quotation, the traders in each region followed mainly, and the overall operation of the market was weak.

Caustic soda futures analysis:    caustic soda SH2405 contract shock uplink. The price of night trading fluctuated widely, but the overall price moved up slightly. Prices began to fluctuate in the late morning trading, and prices continued to rise in the afternoon, reaching today's highest level near the end of the day, and fell slightly in late trading. As of today's close, SH2405 contracts fluctuated in the range of 2538-2581 throughout the day, with a price difference of 43. 55. the contract reduced its position by 3087 hands, and so far it has held 105619 positions.

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index fell by 1.298% to 3015.08, down 39.64%, while China's caustic soda index fell.

Prediction of the later stage of caustic soda:    

Futures: caustic soda SH2405 contract rebounded overall today, the futures price is on the strong side. The market showed a small reduction in position, with 16.5% more than short opening 17.7%, 21.6% and Duoping 19%, and some bears took profits. The technical level shows that the futures price is close to the middle rail position of the Bolin belt (13, 13, 2), the gold fork trend of the KD line at the daily level expands, and the dead cross trend of the MACD line decreases obviously; the fundamentals are weak as a whole, and there is a pressure level above the disk, although the futures price shows an upward trend from the technical level, but dragged down by the fundamentals, the short-term futures price or fluctuating around the current point mainly runs, paying attention to the position of the middle rail.

Spot aspect: the fundamental weakness has a negative impact on the market, the start of most devices is stable, the early maintenance equipment is expected to be restored, the overall supply side of the market is relatively sufficient, and most downstream alumina enterprises maintain the rhythm of rigid demand procurement. Downstream alumina enterprises are affected by the tight supply of bauxite, it is difficult to significantly improve the plant start-up in the short term, and there will be no obvious change in the demand side in the short term. In addition, we need to pay attention to the adjustment of alumina purchase prices in various regions in November. From the perspective of chlor-alkali balance, the PVC market trend is narrow and fluctuating, and the overall market is slightly unsatisfactory, while at present, with the frequent reduction of caustic soda prices, the profits of chlor-alkali enterprises are also gradually reduced, and the price adjustment mentality of manufacturers is more cautious. It is expected that the short-term caustic soda market or the overall weak shock will give priority to, and local areas will flexibly adjust prices.

Market price of liquid chlorine:

Liquid chlorine index analysis:    according to Tuduoduo data, on October 27th, China's liquid chlorine spot index was 283.44, down 0, with a range of 0%. China's liquid chlorine index is stable.

Caustic soda holding the list: