Caustic soda: The futures price is once again approaching the upper track, with a golden fork on the technical level, and the spot price is stable and slightly moving

Caustic soda futures analysis:    November 17 SH2405 contract opening price: 2680, highest price: 2719, lowest price: 2665, spread: 54, position: 55430, reduced position: 1837, settlement price: 2693, yesterday settlement: 2671, up: 22, closing price: 2686, daily trading volume: 99120 hands, precipitated capital: 1.072 billion, capital outflow: 31.82 million.

Market price of caustic soda:

Caustic soda spot analysis:      Today China's caustic soda market almost maintained yesterday's level of operation, a few regional markets have been slightly adjusted, the market transaction situation has not changed much, most operators are cautious, wait and see the market-oriented, there are no obvious factors guiding the market today, and the price range fluctuates little. Today, the overall market of the liquid alkali market does not change much, the transaction situation of each regional market is different, the market mentality is more cautious, and prices in individual regions have fallen. From the point of view of price adjustment in various regions, 32% of ionic membrane alkali in individual areas has dropped by 10 yuan / ton. The prices of other concentrations of alkali have remained stable, and the price range has not been significantly adjusted. Today, the market operation is lukewarm, the market transaction atmosphere is general, the enterprise shipping situation is light and stable, and the supply and demand sides in each region are relatively stable, the price has not been significantly adjusted, the local price remains stable, the market shipment in some areas is not good, and the price is flexibly reduced. Upstream production enterprises in most areas manufacturers wait and see to stabilize prices, price adjustment mentality is more cautious, individual manufacturers in other areas sporadically adjust quotations. Today, the trend of the tablet alkali market is relatively flexible, manufacturers still have no inventory, the shipment is relatively smooth, and the enterprise pre-sale is OK; the transaction situation in each regional market is relatively flexible, and the transaction price in some areas is higher than the ex-factory quotation, approaching the weekend, the transaction price in most areas is relatively stable, the price range has not been significantly adjusted, and the mentality is relatively cautious.

Caustic soda futures analysis:    caustic soda SH2405 contract fell after uplink. At the beginning of the night trading, the price rose obviously, rushing to today's high of 2719 and then fluctuated and fell back. Early futures prices continued to maintain a volatile trend, rose in late trading, afternoon prices again showed a downward trend, late trading shock. As of today's close, SH2405 contracts fluctuated in the range of 2665-2719 throughout the day, with a price difference of 54. 05 contracts reduced their positions by 1837 hands, and have held 55430 positions so far.

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index was 2807.82, down 5.47%, or 0.194%, while China's caustic soda index fell.

Prediction of the later stage of caustic soda:    

Futures: in terms of caustic soda SH2405 contract transactions, 17.6% more than short opening 16.3%, empty 16.7% versus more 20.9%, although the proportion of bulls entering the market is relatively large, but long positions are also relatively more. At the technical level, the upward trend of the lower track of the Bollinger belt (13, 13, 2) slows down, and today's high price approaches the upper track position, but there is still upward pressure. The daily KD line crossover appears the golden fork trend but is not obvious, and the MACD line still shows the line golden fork. From the MA combination line point of view, the operation of the futures price is currently above the 5th, 10th, 20th line, and today's high price has broken through the 40-day line. Fundamentals and policy levels have no clear guidance on futures prices for the time being, and we still need to pay attention to the upper pressure level in the short term.

Spot aspect: near the weekend, the wait-and-see mood of the caustic soda market increased, today's price did not see a significant adjustment. At present, there are still regional differences in the caustic soda market in the face of market impact, and the inventory pressure of enterprises is less than that of the previous period, but the downstream demand has not substantially improved. Although the rigid demand supports part of the transaction, it is still unable to stimulate the real normalization of destorming, and the contradiction between supply and demand in the market still exists. At present, the influence of the supply of liquid alkali market is different in different regions. the early maintenance equipment in some areas has resumed production, and the increase in supply is bad for the local market to a certain extent, but at the same time, some regional devices are still in the maintenance period. the supply still supports the market, and it is expected that the short-term liquid alkali market will adjust prices flexibly. The price of the new order in the tablet alkali market has been raised this week, and the center of gravity of the transaction price in each regional market has moved up, and the actual transaction price in the market is slightly higher than the ex-factory quotation. It is expected that after the short-term tablet alkali market is boosted by the upward adjustment of manufacturers' quotations, transaction prices in various regional markets will mainly be sorted out, paying attention to downstream receiving.

Market price of liquid chlorine:

Liquid chlorine index analysis:    according to Tuduoduo data, on November 17, China's liquid chlorine spot index was 373.33, down 0%, and the Chinese liquid chlorine index was stable.

Caustic soda holding the list: