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Caustic soda: Spot prices have changed individually. Companies have limited enthusiasm for entering the market, and futures prices have fluctuated upwards.

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February 6, 2024, 4:17 PM


Caustic soda futures analysis:    February 6 SH2405 contract opening price: 2698, highest price: 2708, lowest price: 2662, position: 44133, settlement price: 2694, yesterday settlement: 2693, up: 1, closing price: 2699, daily trading volume: 26584 lots, precipitated capital: 858 million, capital outflow: 14.13 million.

 

Market price of caustic soda:

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

Specifications

Market

February fifth

February sixth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

950-1300

950-1300

0/0

Ex-factory price

Northwest

752-784

752-784

0/0

Ex-factory price

North China

710-810

710-810

0/0

-

Hebei

740-810

740-810

0/0

Ex-factory price

South China

960-1080

960-1080

0/0

Can price

Shandong

700-770

700-770

0/0

Current exchange rate

Zhejiang

1005-1030

1005-1030

0/0

-

Jiangsu Province

820-860

820-860

0/0

Delivery price

Tianjin

2300-2400

2300-2400

0/0

A discount of 100%

Anhui Province

830-850

830-850

0/0

Ex-factory price

Henan

2400-2650

2400-2650

0/0

A discount of 100%

50% ionic membrane alkali

North China

1160-1280

1160-1280

0/0

Ex-factory price

Hebei

1340-1360

1340-1360

0/0

Ex-factory price

Shandong

1160-1210

1160-1210

0/0

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

2700-2850

2700-2850

0/0

Ex-factory price

Shandong

3200-3350

3200-3350

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

1270-1350

1250-1350

-20/0

Ex-factory price

30% ionic membrane alkali

Southwest

900-630

900-630

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 only sporadic adjustments in individual regions, and most other regional markets almost maintain yesterday's level of operation. With the approach of the Spring Festival, the enthusiasm of operators to enter the market is limited, the enthusiasm of price adjustment has decreased as a whole, and more wait and see the market. Today, the price of liquid alkali has been slightly lowered in some areas, and there is no obvious fluctuation in the price range in most areas. from the point of view of the price adjustment in various regions, 49% of ionic membrane alkali has individually dropped by 20 yuan per ton, and the prices of other concentrations of alkali have remained almost stable, and the price range has not been significantly adjusted. Individual areas in the south are supported by local device parking expectations, local market transaction prices have increased slightly; individual regional markets have sporadically reduced shipping prices to promote transactions. In most other areas, the supply and demand sides maintain the previous level, the performance of enterprise shipments is average, the downstream receiving situation remains stable, there are no factors guiding the market price trend in various regions, the mentality of operators is more cautious, and prices mostly maintain the previous level of operation. The upstream production enterprises individually adjust the ex-factory price, most manufacturers wait and see to stabilize the price, and the mentality is relatively cautious. Today, the price of the tablet alkali market has not been adjusted, the operation of each regional market is stable, some enterprises in the lower reaches are on holiday, the overall performance of the demand side is light, the shipping situation of merchants is poor, and with the approach of the Spring Festival, the willingness of businessmen to adjust prices is not high, the overall mentality is mainly wait-and-see, and the enthusiasm of entering the market is not high.

 

Caustic soda futures analysis:    caustic soda SH2405 contract shock uplink. The opening price of the night market plunged and rebounded to the intraday low. In early trading, the price continued to rise in the night session, followed by a shock decline in the late afternoon, and showed a trend of rising first and then falling again in the afternoon. As of today's close, SH2405 contracts fluctuated from 2662 to 2708 throughout the day, with a price gap of 46 and a reduction of 744 positions in contracts, with 44133 positions so far.

 

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index was 2645.16, down 0%, and China's caustic soda index was stable.

 

 

Prediction of the later stage of caustic soda:    

Spot aspect: approaching the Spring Festival, manufacturers and traders are not willing to adjust the quotation, and the price as a whole maintains a stable operation. Individual installations on the supply side have maintenance plans, which support local prices, while devices in most areas operate stably. It is understood that most devices operate normally during the Spring Festival, and manufacturers' inventory may be accumulated after the Spring Festival; downstream demand performance is relatively light before the festival, most rigid demand procurement is given priority to, some downstream small enterprises stop production and holiday, procurement demand is reduced, and the market as a whole presents a situation of more supply and less demand. It is expected that the price of each region will be adjusted flexibly before the festival, and the manufacturers will accumulate the stock after the festival, so we should pay attention to the recovery of downstream demand.

Futures: caustic soda SH2405 contract rebounded. Trading situation: more than 15.9% versus 13.8%, 16.6% vs. more than 17%, long and short parties close more, but a few bulls enter. The technical level shows that the opening of the three tracks in the Bolin belt (13, 13, 2) has a downward trend, the KD lines at the daily line level intersect, and the MACD lines continue to show a dead fork trend. In the short term, as the Spring Festival is approaching, the enthusiasm of operators to enter the market is poor, and participants are not willing to bear too much changes in external factors during the holiday period. It is expected that short-term stock will continue to be reduced, and prices will fluctuate.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

February fifth

February sixth

Rise and fall

Remarks

Northeast China

1-100

1-100

0/0

Tank car quotation

Shandong province

-100-1

-100-1

0/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

-400-1

-400-1

0/0

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

100-200

100-200

0/0

Tank car quotation

Inner Mongolia

200-300

1-100

-199/-200

Tank car quotation

Anhui province

300-400

300-400

0/0

Tank car quotation

Hebei Province

-100-100

-100-100

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index was 139 on February 6, down 16.67%, or 10.71%. China's liquid chlorine index fell.

 

 

Caustic soda holding the list: