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Caustic soda: Spot soda and chlorine prices both increased, and futures rose five consecutive times

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January 17, 2024, 4:31 PM


Caustic soda futures analysis:    January 17 SH2405 contract opening price: 2754, highest price: 2755, lowest price: 2720, position: 55650, settlement price: 2739, yesterday settlement: 2727, up: 12, closing price: 2728, daily trading volume: 60943 lots, precipitated capital: 1.093 billion, capital outflow: 57.94 million.

 

Market price of caustic soda:

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

Specifications

Market

January sixteenth

January seventeenth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

950-1300

950-1300

0/0

Ex-factory price

Northwest

720-752

720-752

0/0

Ex-factory price

North China

720-780

720-780

0/0

-

Hebei

730-760

740-770

10/10

Ex-factory price

South China

910-1050

910-1050

0/0

Can price

Shandong

710-760

710-770

0/10

Current exchange rate

Zhejiang

980-1020

980-1020

0/0

-

Jiangsu Province

770-850

770-850

0/0

Delivery price

Tianjin

2300-2350

2300-2350

0/0

A discount of 100%

Anhui Province

800-840

800-840

0/0

Ex-factory price

Henan

2400-2650

2400-2650

0/0

A discount of 100%

50% ionic membrane alkali

North China

1140-1200

1160-1260

20/60

Ex-factory price

Hebei

1240-1260

1260-1280

20/20

Ex-factory price

Shandong

1140-1200

1160-1220

20/20

Current exchange rate

Tianjin

2500-2550

2500-2550

0/0

A discount of 100%

Southwest

3100-3300

3100-3300

0/0

A discount of 100%

99% tablet alkali

Northwest

2600-2750

2600-2750

0/0

Ex-factory price

Shandong

3200-3300

3200-3300

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

1210-1350

1210-1350

0/0

Ex-factory price

30% ionic membrane alkali

Southwest

900-960

900-960

0/0

-

48% ionic membrane alkali

Henan

2700-2800

2700-2800

0/0

A discount of 100%

 

Caustic soda spot analysis:      today China's caustic soda market has improved, the market transaction price range in some areas has mainly moved up, liquid caustic soda prices and flake caustic soda prices have increased to varying degrees in some areas, the market operation has improved compared with the previous period, and the mentality of the operators has been positive in the region. Today, the price of liquid alkali has mainly increased regionally, with both low concentration alkali and high concentration alkali rising in some areas. market prices in most areas are stable, and continue to maintain a wait-and-see mentality. From the perspective of price adjustment in various regions, 32% ion-exchange membrane alkali rose 10 yuan / ton, 50% ion-exchange membrane alkali locally increased 120-60 yuan / ton, and the prices of other concentrations of alkali almost remained stable, and the price range has not been significantly adjusted. The shipping situation of enterprises in individual areas has improved, and the performance of market transactions is OK, driving the local market transaction price center to move up, and some surrounding areas are affected by this. In other areas, both supply and demand parties maintain the previous level, the performance of enterprise shipments is average, the downstream receiving situation remains stable, and there are no factors guiding the market price trend in various regions. Operators mainly wait and see the market, and prices mostly maintain the previous level. Upstream production enterprises partly raise ex-factory prices, individually lower ex-factory quotations, most other manufacturers wait and see to stabilize prices, the mentality is relatively cautious. Today, in the northwest of the tablet alkali market, some manufacturers raised the new order price slightly, and the market transaction price showed a regional increase, but the increase was not significant. When individual devices are overhauled, the supply of goods on the market decreases accordingly, the mentality of pulling up in the market is obvious, and most devices operate stably. Local merchants raise shipping prices, downstream demand mostly maintain the pace of rigid demand procurement operation, some areas wait-and-see mentality is still heavy.

 

Caustic soda futures analysis:    caustic soda SH2405 contract fluctuates slightly, fluctuating less than 40 points throughout the day, night trading fluctuates downward, early trading continues to show a downward trend, then rebounds slightly, afternoon prices rebound relatively obvious, but the good times will not last long and then there will be a downward trend again. As of today's close, SH2405 contracts fluctuated in the range of 2720-2755 throughout the day, with a price difference of 35 minus 05 contracts with a reduction of 2864 positions and 55650 positions so far.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index rose to 2586.03 on January 17, up 10.48%, or 0.407%. China's caustic soda index rose.

 

 

Prediction of the later stage of caustic soda:    

Spot: at present, there is a trend of regional improvement in the caustic soda market. At the supply end, the operation of caustic soda units in most areas is stable, and the supply of goods on the market is sufficient, while the equipment in individual areas is dissatisfied with the load, which forms a certain support for the prices of the local and surrounding areas; the overall downstream demand does not change much. There is an increase in procurement in some areas, showing a favorable regional support, and most areas maintain a weak and stable operation. Supply and demand face the market showing regional support, while most regional markets are still in an awkward position of rising and falling, and it is expected that the short-term caustic soda market will still show a trend of regional adjustment. Pay attention to the downstream stock situation.

Futures: caustic soda SH2405 contract as a whole continues to rise, today's futures price rose through the middle track, the futures price to a phased high of 2755 points, the current SH2405 contract has shown 5 consecutive rising trend. Market turnover: 13.9% more than 15.7% empty, 17.6% flat and 20.3% more flat. The technical level shows that the three tracks of the Bolin belt (13, 13, 2) have a narrowing trend, the daily KD line gold fork trend expands, and the MACD line dead fork trend continues to narrow. The overall performance of the disk is relatively good. At present, there is still a small support below the futures price, and the short-term caustic soda SH2405 contract price may continue to rise slightly.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

January sixteenth

January seventeenth

Rise and fall

Remarks

Northeast China

100-200

200-300

100/100

Tank car quotation

Shandong province

100-200

200-300

100/100

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

50-100

50-100

0/0

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

50-150

50-150

0/0

Tank car quotation

Inner Mongolia

1-100

1-100

0/0

Tank car quotation

Anhui province

300-400

300-400

0/0

Tank car quotation

Hebei Province

200-300

300-400

100/100

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index rose 33.33%, or 12.77%, to 294.44 on January 17. China's liquid chlorine index rose.

 

 

Caustic soda holding the list: