Caustic soda: Futures prices were weak and fluctuated downward, Bollinger bands narrowed, and spot prices were partially mixed

Caustic soda futures analysis:    November 20 SH2405 contract opening price: 2690, highest price: 2696, lowest price: 2657, spread: 39, position: 55261, reduction: 169, settlement price: 2680, yesterday settlement: 2693, down: 13, closing price: 2677, daily trading volume: 60545 hands, precipitated capital: 1.065 billion, capital outflow: 6.85 million.

Market price of caustic soda:

Caustic soda spot analysis:      today China's caustic soda market shows differential operation, the performance of the market in most areas is relatively stable at the beginning of the week, local prices are adjusted, and the direction of price adjustment is different, the market transaction atmosphere is general, most operators are cautious and wait and see the market. Today, the price of liquid alkali market is mainly adjusted flexibly in a few areas, prices rise and fall each other, and most areas maintain a stable trend for the time being. from the point of view of regional market price adjustment, 32% of ionic membrane alkali fell 50 yuan / ton in individual areas, 50% ionic membrane alkali rose 20 yuan / ton in individual areas, and the prices of other concentrations of alkali remained stable, and the price range has not been significantly adjusted. First of all, the performance of downstream demand in some areas is poor, and merchants' shipments are not ideal, so lowering shipping prices is mainly to promote shipments; high-concentration alkali shipments in individual areas are OK, supporting the upward movement of price gravity in the local market. In most other areas, the market operation is lukewarm, the market transaction atmosphere is general, the enterprise shipment is stable, and the supply and demand sides of each region are relatively stable, and the price has not been significantly adjusted. 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 lower quotations. Today, the tablet alkali market is mainly sorted out in most areas, and the price increase in Shandong area has led to a shift in the price center of transaction in the local market, and the transaction in each region is more flexible. The new unit price in the northwest region has not yet been announced, and the market in most areas is mainly price-stable.

Caustic soda futures analysis:    caustic soda SH2405 contract today weak downward, night trading price volatility operation, after the opening of morning trading after a brief upward, began to shock downward, late afternoon prices rebounded slightly, but not strong enough. As of today's close, SH2405 contracts fluctuated from 2657 to 2696 throughout the day, with a price difference of 391.05 contracts to reduce their positions in 169lots and 55261 positions so far.

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index was 2807.42, down 0.4%, or 0.014%, while China's caustic soda index fell.

Prediction of the later stage of caustic soda:    

Futures: caustic soda SH2405 contract is mainly weak and volatile, trading is 15.5% more than empty opening 17.1%, empty 15.6% compared with 17.3%. The technical level shows that there is an obvious turn in the upper and lower tracks of the Bolin belt (13, 13, 2), the third rail has a narrowing trend, the low price reaches the position of the middle rail, the KD line at the daily level is cross-wound, and the MACD line is still a golden fork. At present, the futures price is in a dilemma of support at the bottom and pressure at the top. Focus on the performance in the range of 2650-2710 in the short term.

Spot aspect: at present, the overall trend of the caustic soda market is relatively stable, individual flexible price adjustment is the main, and the quotation in most areas is relatively strong. The liquid alkali market has the early maintenance equipment to resume this week, the supply will have the trend of regional increase, at the same time, there are individual devices also have maintenance plans, on the whole, the supply in the market is still relatively sufficient, but there are regional differences. Downstream demand mostly maintain rigid demand procurement, there is no excess hoarding demand, downstream industry market operation is not good, the rise of the caustic soda market forms a certain drag. It is expected that the price adjustment in the short-term liquid alkali market will show regional changes. At present, the production enterprises in the tablet alkali market are still in the no-inventory stage, most of the devices are stable, individual devices are stopped and overhauled, the pre-sale of the manufacturers is OK, the downstream demand is relatively stable, the rigid demand procurement is the main, and the market mentality is relatively cautious at the beginning of the week. supported by the supply side, it is expected that the new order price in Northwest China will still be raised this week.

Market price of liquid chlorine:

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index rose 66.67%, or 17.86%, to 440 on November 20, while China's liquid chlorine index rose.

Caustic soda holding the list: