Caustic soda: Most spot prices rose. The market got off to a good start at the beginning of the week, and futures prices rose well and hit a new high in nearly half a month.

Caustic soda futures analysis:    January 22nd SH2405 contract opening price: 2760, highest price: 2858, lowest price: 2760, position: 53710, settlement price: 2810, yesterday settlement: 2778, up: 32, closing price: 2820, daily trading volume: 109573 lots, precipitated capital: 1.091 billion, capital outflow: 24.86 million.

Market price of caustic soda:

Spot analysis of caustic soda:      the Chinese caustic soda market is running well today, the market got off to a good start at the beginning of the week, and the rising trend continued to rise last week. The market prices of liquid caustic soda and tablet caustic soda have risen in different ranges, and the market trading atmosphere is OK. Today, the price of liquid alkali continues to show an upward trend, most prices show varying degrees of increase, the trading atmosphere is OK, and the overall operation of the market is good. From the perspective of regional market price adjustment, 32% ionic membrane alkali rose 10-30 yuan / ton, 50% ionic membrane alkali increased 40-80 yuan / ton, 49% ionic membrane alkali increased 30 yuan / ton, and the prices of other concentrations of alkali almost remained stable, and the price range has not been significantly adjusted. The shipment of high concentration alkali in individual areas is better, which flows to the surrounding areas, and the enthusiasm of receiving goods downstream is OK. Local prices rise mainly, and prices in some surrounding areas are also affected by this. The performance of downstream demand in some areas is OK, and the inventory pressure of enterprises is not great. Support the local market transaction price center of gravity upward. 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. Some of the upstream production enterprises raised the ex-factory price, most manufacturers wait and see to stabilize the price, and the mentality is relatively cautious. Today, the price of tablet alkali market has risen regionally, and the market transaction is more flexible. At the beginning of the week, the factory quotation of tablet alkali in Shandong area was raised by 50 yuan / ton, and the transaction price was boosted by the manufacturer's quotation. The presale situation of the manufacturers in the northwest region is normal, the operation of most of the devices is stable, and the downstream demand is relatively stable. The new unit price in the northwest region has not been announced at the beginning of the week.

Caustic soda futures analysis:    caustic soda SH2405 contract continues to rise. Night trading price volatility operation, in the morning after a short period of time to extend the night market volatility trend, then quickly rushed to the intraday high, and then fell back, the afternoon price first rose and then fell, and rebounded slightly again in the late afternoon. As of today's close, SH2405 contracts fluctuated in the range of 2760-2858 throughout the day, with a price gap of 98 and a reduction of 2236 positions, with 53710 positions so far.

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index rose to 2633.81 on January 22, up 30.85%, or 1.185%. China's caustic soda index rose.

Prediction of the later stage of caustic soda:    

Spot aspect: at present, in the market, most of the plants run stably, the inventory of upstream enterprises is at a low level, and the supply tends to be tight, supporting the price quotation of caustic soda is relatively strong. In the early stage, we mentioned that some mines in Guinea have plans to resume production, but according to the current situation, it is very difficult to flow to China in the short term, the ore supply outside China is still tight, and alumina enterprises in some parts of China are in a state of reduced production. It is difficult to significantly improve the purchasing demand for caustic soda, so we need to pay attention to the adjustment of the alkali price of alumina purchasing liquid in the downstream of the main producing areas; at present, there is a pre-festival stock demand in the downstream of non-aluminum, and the enthusiasm of receiving goods is OK. On the whole, the price of caustic soda still has a slight upward trend in the short term.

Futures: caustic soda SH2405 contract continues to show an upward trend, since January 11, the overall futures price has shown a continuous upward trend, today's futures price broke through the track, setting the second high of 2858 since the beginning of the year. Market turnover: 20% more than empty 13.9%, 17.7% flat and 20.3% more flat. The technical level shows that the three tracks of the Bolin belt (13, 13, 2) are narrowed, and the KD line and MACD line at the daily level show a golden fork trend. From the MA combination line, the futures price is above the MA combination line. After today's close, the pressure above the futures price is greater and the support below is insufficient. It is expected that the short-term caustic soda SH2405 contract price may run under pressure and continue to rise weakly.

Market price of liquid chlorine:

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index rose 33.33%, or 11.11%, to 333.33 on January 22nd, while China's liquid chlorine index rose.