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Caustic soda: Futures prices fell and then rose. The market showed four consecutive positive results, and spot prices adjusted sporadically.

99,040
December 1, 2023, 4:21 PM


Caustic soda futures analysis:    December 1 SH2405 contract opening price: 2672, highest price: 2691, lowest price: 2634, spread: 57, position: 47171, reduced position: 3856, settlement price: 2664, yesterday settlement: 2658, up: 6, closing price: 2674, daily trading volume: 75641 hands, precipitated capital: 908 million, capital outflow: 77.55 million.

 

Market price of caustic soda:

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

Specifications

Market

November thirtieth

December first

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

950-1300

950-1300

0/0

Ex-factory price

Northwest

736-784

736-784

0/0

Ex-factory price

North China

800-890

800-890

0/0

-

Hebei

840-890

850-920

10/30

Ex-factory price

South China

940-1250

940-1250

0/0

Can price

Shandong

730-950

730-950

0/0

Current exchange rate

Zhejiang

1080-1120

1020-1080

-60/-40

-

Jiangsu Province

820-880

820-880

0/0

Delivery price

Tianjin

2550-2650

2550-2650

0/0

A discount of 100%

Anhui Province

830-880

830-880

0/0

Ex-factory price

Henan

2850-3000

2850-3000

0/0

A discount of 100%

50% ionic membrane alkali

North China

1300-1380

1300-1380

0/0

Ex-factory price

Hebei

1410-1430

1410-1430

0/0

Ex-factory price

Shandong

1300-1350

1300-1350

0/0

Current exchange rate

Tianjin

2600-2800

2600-2800

0/0

A discount of 100%

Southwest

3100-3200

3100-3200

0/0

A discount of 100%

99% tablet alkali

Northwest

2850-3000

2850-3000

0/0

Ex-factory price

Shandong

3650-3800

3650-3800

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

1320-1380

1320-1380

0/0

Ex-factory price

30% ionic membrane alkali

Southwest

870-940

870-940

0/0

-

48% ionic membrane alkali

Henan

3100-3250

3100-3250

0/0

A discount of 100%

 

Caustic soda spot analysis:      caustic soda market operation today most regional markets maintain a stable trend, individual regional market transaction price center of gravity has changed slightly, the market transaction atmosphere is general, the mentality is relatively cautious. Today, the liquid alkali market moves steadily, the market transaction atmosphere is general, prices in most areas have not been significantly adjusted, and prices in some areas have been sporadically adjusted in different directions. From the point of view of price adjustment in various regions, the price of 32% ionic membrane alkali has individually increased by 10-30 yuan per ton, while in some areas it has fallen by 40-60 yuan per ton. the prices of other concentrations of alkali have remained stable, and the price range has not been significantly adjusted. First of all, the market transaction situation in individual areas is not ideal, the downstream receiving enthusiasm is not good, enterprise shipments are slightly unsmooth, and some operators have a poor mentality, so they mainly reduce prices and ship goods; enterprises in individual areas have relatively low inventories, which supports the upward quotation of local enterprises, and the market transaction price center of gravity moves up. The market transaction atmosphere in other areas is general, mostly maintain the previous level, the supply and demand side changes little, and the operation is relatively mild, there are no obvious factors affecting the market trend in the market, and there is no obvious change in the transaction price center for the time being. Upstream production enterprises in most areas manufacturers wait and see to stabilize prices, a few adjust quotations. Today, the trend of the tablet alkali market is relatively stable, the market transaction situation is flexible, the regional market price arrangement is the main, near the weekend, the market mentality is more cautious. The quotation of production enterprises is stable, the pre-sale situation is normal, it is still in the no-inventory stage, the shipping situation of merchants is relatively general, the enthusiasm of receiving goods downstream is general, merchants in individual areas reduce prices to promote shipping, and the mentality of most areas is relatively cautious.

 

Caustic soda futures analysis:    caustic soda SH2405 contract fell first and then rose. Prices fluctuated downwards in night trading, dived after a short shock in early trading, bottomed out after today's lowest point, continued to rise in the afternoon, and fell slightly in late trading. As of today's close, SH2405 contracts fluctuated in the range of 2634-2691 throughout the day, with a price gap of 57 and a reduction of 3856 positions. So far, 47171 positions have been held.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index fell by 0.124% to 2836, down 3.52%, while China's caustic soda index fell.

 

 

Prediction of the later stage of caustic soda:    

Futures: caustic soda SH2405 contract shows a "V" trend, today's trading situation: 15.6% more than empty 12.8%, 16.7% flat 20.8%, near the weekend, the operator is mainly to close the position to avoid weekend market uncertainty. At present, the operation of the futures price is between the upper track of the Bollinger belt, there is still support below, but there is also pressure above, short-term futures prices may continue to test the upper track pressure level.

Spot aspect: the market mentality of each region is more cautious near the weekend, and most prices maintain yesterday's level operation. At present, the supply end of the caustic soda market is basically stable, most of the production enterprises are operating normally, and the overall performance of the supply side is stable. The enterprise inventory pressure is not enough to support the market to a certain extent. There is no obvious change in the start-up of downstream enterprise equipment, and most of them maintain rigid demand procurement. At present, the overall performance of supply and demand is relatively stable, and there is no clear guidance to the market trend. At present, the pricing of monthly orders in various regions has not yet been announced at the beginning of the month, the mentality is more cautious, the enthusiasm of receiving goods downstream is relatively poor, and most of them hold a wait-and-see mentality. It is expected that the short-term market trend of caustic soda may move steadily.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

November thirtieth

December first

Rise and fall

Remarks

Northeast China

100-300

100-300

0/0

Tank car quotation

Shandong province

250-400

250-400

0/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

150-200

150-200

0/0

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

250-350

250-350

0/0

Tank car quotation

Inner Mongolia

200-300

200-300

0/0

Tank car quotation

Anhui province

300-400

300-400

0/0

Tank car quotation

Hebei Province

200-400

200-400

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, on December 1, China's liquid chlorine spot index was 323.33, down 0, with a range of 0%. China's liquid chlorine index is stable.