Caustic soda: Spot prices continue to rise, futures prices gapped higher and continued to rise

Caustic soda futures analysis:    February 21 SH2405 contract opening price: 2688, highest price: 2733, lowest price: 2675, position: 46813, settlement price: 2712, yesterday settlement: 2671, up: 41, closing price: 2704, daily trading volume: 82388 lots, precipitated capital: 911 million, capital inflow: 9.58 million.

Market price of caustic soda:

Spot analysis of caustic soda:      today the upward trend of China's caustic soda market continues, the price of high concentration caustic soda in the liquid caustic soda market continues to rise, the price of low concentration caustic soda rises sporadically, and the new unit price of flake caustic soda increases mainly, which boosts the barycenter of market transactions in most areas, and the market operation improves. Today, the trading performance of the liquid alkali market is OK, and prices continue to rise mainly. From the point of view of the price adjustment in various regional markets, 32% of the ionic membrane alkali individually increased by 10-50 yuan / ton, 50% of the ionic membrane alkali increased by 80-100 yuan / ton, and 49% of the ionic membrane alkali rose 30 yuan / ton. The prices of other concentrations of alkali almost remained stable, and the price range has not been significantly adjusted. First of all, the rising trend of high concentration alkali has been maintained in some areas, and both supply and demand still have favorable support to the market, and prices continue to rise mainly; individual areas of the low concentration alkali market are driven by the rise in the price of high concentration alkali, and prices also show a slight upward trend, and the overall operation of the market today is OK. In other areas, the supply and demand sides maintain the previous level, the performance of enterprise shipments is average, the downstream receiving situation remains stable, the mentality of operators is relatively cautious, and the price level mostly maintains the previous level. A small number of upstream production enterprises adjust ex-factory prices, and ups and downs vary, most manufacturers wait and see to stabilize prices, the mentality is relatively cautious. Today, the tablet alkali market is up, and most of the new unit prices in the northwest region have been raised, with a range of about 50 yuan / ton, the pre-sale performance of the manufacturers is OK, the operation of the tablet alkali plant is relatively stable, and the load of individual devices is not satisfied. Boosted by the price increase of manufacturers' new orders this week, the center of gravity of transaction prices in most areas has moved upward, and the enthusiasm of inquiry in the market has increased, but the actual transaction situation is relatively insipid.

Caustic soda futures analysis:    caustic soda SH2405 contract shows an obvious upward trend. The price of the night market jumped high and opened high, rising to the intraday high of 2733, followed by concussion downwards. there was no big market in the morning, and the price showed a concussive trend again after a slight decline in the afternoon. As of today's close, SH2405 contracts fluctuated in the range of 2675-2733 throughout the day, with a price gap of 58 and a reduction of 80 positions in contracts, with 46813 positions so far.

Caustic soda index analysis: according to Tdd-global data, China's caustic soda index was 2733.72, up 53.19, or 1.984%, and China's caustic soda index rose.

Prediction of the later stage of caustic soda:    

Spot: from the current market point of view, most caustic soda production enterprises have varying degrees of inventory pressure, at the same time, there are still some caustic soda plant parking and start-up dissatisfaction, and the positive and negative factors brought by the supply side to each regional market are differentiated. From the point of view of downstream demand, there is a certain recovery of downstream demand after the festival, and the demand is expected to improve gradually in the later period. In terms of transport, the recent rainy and snowy weather has re-emerged, and the shipments and downstream arrival of enterprises in some areas have been affected to varying degrees by transport disruption. In addition, from the perspective of the comprehensive profits of chlor-alkali enterprises, the market trend of caustic soda and PVC, the two major products of chlor-alkali industry chain, is relatively weak, the profit performance of enterprises is not good, and enterprises have a certain price-raising psychology. On the whole, it is expected that the short-term caustic soda market may continue to show a regional upward trend. Pay attention to the circulation of goods.

Futures: caustic soda SH2405 contract after the festival two consecutive short jump high open, the high price break through the mid-track upward rail close. The Mandarin index rose significantly, and commodity sentiment was high, with caustic soda leading the list, up 1.2%. The technical level shows that the opening of the three tracks of the Bollinger belt (13, 13, 2) continues to narrow, the KD line at the daily level shows a golden fork trend and expands, and the MACD line continues to show a dead fork trend but continues to narrow. As of today, the closing surface shows a positive column cross star, the shadow line is relatively long, but there is some support below the futures price. In the short term, caustic soda SH2405 contract price still has an upward trend, pay attention to the upper track pressure level.

Market price of liquid chlorine:

Liquid chlorine index analysis:    according to Tuduoduo data, on February 21, China's liquid chlorine spot index was 139, up 0%, and China's liquid chlorine index was stable.

Caustic soda holding the list: