Caustic soda: Spot prices are flexibly adjusted. Most operators wait and see carefully, and futures prices continue to decline

Caustic soda futures analysis:    January 24th SH2405 contract opening price: 2790, highest price: 2816, lowest price: 2765, position: 52085, settlement price: 2787, yesterday settlement: 2805, down: 18, closing price: 2787, daily trading volume: 69559 lots, precipitated capital: 1.045 billion, capital inflow: 15.43 million.

Market price of caustic soda:

Caustic soda spot analysis:      today, the overall operation of China's caustic soda market is stable and small, local prices are flexibly adjusted, prices rise and fall, most regional markets are arranged and run sideways, and the market mentality is more cautious. Today, the price of liquid alkali has been slightly adjusted in some areas, and the price in most areas has maintained yesterday's level of operation, and the wait-and-see mentality is heavier. From the perspective of regional market price adjustment, 32% of ionic membrane alkali has dropped 10 yuan / ton, 50% ionic membrane alkali has increased 50 yuan / ton, and the prices of other concentrations of alkali have remained almost stable, and the price range has not been significantly adjusted. First of all, the price of low-concentration alkali in individual areas has dropped, the situation of enterprise shipments is OK, and the enthusiasm of receiving goods downstream is also OK. Some enterprises have inventory and sell at reduced prices in order to reduce inventory; high-concentration alkali in individual areas is supported by exports. 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. A small number of upstream production enterprises adjust the ex-factory price, most manufacturers wait and see to stabilize the price, and the mentality is relatively cautious. Today, the tablet alkali market has moved steadily and slightly, the center of gravity of market transactions in some regions has moved up slightly by 50 yuan / ton, the supply of local goods is normal, and the trading atmosphere in the market is mild. Market prices in most areas have not changed significantly, so they remain on the sidelines. The equipment of the tablet alkali manufacturers in Northwest China and Shandong Province operates normally, the supply is relatively stable, the downstream demand remains stable, and the overall market does not change much.

Caustic soda futures analysis:    caustic soda SH2405 contract continues to decline. The opening price of the night market fluctuated slightly after rising quickly, then gave up the increase, and then fluctuated in the end of the day; the overall trend of the morning session showed a small "V" trend, and the afternoon price fluctuated slightly upward. As of today's close, SH2405 contracts fluctuated in the range of 2765-2816 throughout the day, with a price difference of 51 and a position of 52085 hands.

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index fell by 0.103% to 2644.06, down 2.73%, while China's caustic soda index fell.

Prediction of the later stage of caustic soda:    

Spot: recently, under the influence of downstream pre-festival stock, enterprise inventory in some areas has declined and prices have risen continuously, while after the price has risen, the supply of goods at low prices in the market has decreased, and the downstream has the psychology of resistance to the supply of goods at high prices. and the market transaction situation under the high-price supply is not ideal, most of the operators hold a wait-and-see mentality, the overall performance is more cautious. At present, the performance of downstream demand is relatively stable, the downstream procurement demand of alumina and other non-aluminum does not change much, and the supply side is almost stable, while with the digestion of downstream stock, the rising power of market prices is gradually insufficient, and most areas may be stable and wait-and-see-oriented. Local areas are flexible to adjust.

Futures: caustic soda SH2405 contract price above the pressure is greater, the upper rail pressure is effective showing a downward trend, the disk slightly increase the position to run. Market turnover: 17.1% more than empty 16.9%, 14.3% more flat than 20.5%. The technical level shows that the upper rail and middle rail of the Bolin belt (13,13,2) are upward, the opening of the lower rail is downward, and the opening of the third rail is slightly divergent; the daily KD line and MACD line show a golden fork trend, and the KD line golden fork trend continues to narrow. In the short term, the pressure above the futures price is still large, there is a small support below, it is expected that the short-term caustic soda SH2405 contract or pressure operation.

Market price of liquid chlorine:

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index fell by 23.73% to 250, down 77.78%, while China's liquid chlorine index fell.

Caustic soda holding the list: