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Caustic soda: The price of low-concentration alkali rose individually, while futures prices remained volatile

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March 1, 2024, 5:13 PM


Caustic soda futures analysis:    March 1st SH2405 contract opening price: 2670, highest price: 2683, lowest price: 2652, position: 45404, settlement price: 2667, yesterday settlement: 2655, down: 12, closing price: 2664, daily trading volume: 34743 lots, precipitated capital: 871 million, capital inflow: 17.12 million.

 

Market price of caustic soda:

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

Specifications

Market

February twenty _ ninth

March 1st

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

950-1300

950-1300

0/0

Ex-factory price

Northwest

752-784

768-784

16/0

Ex-factory price

North China

710-810

710-810

0/0

-

Hebei

740-800

750-800

10/0

Ex-factory price

South China

980-1130

980-1130

0/0

Can price

Shandong

700-780

700-780

0/0

Current exchange rate

Zhejiang

1005-1030

1005-1030

0/0

-

Jiangsu Province

820-880

820-880

0/0

Delivery price

Tianjin

2300-2400

2300-2400

0/0

A discount of 100%

Anhui Province

830-880

830-880

0/0

Ex-factory price

Henan

2400-2650

2400-2650

0/0

A discount of 100%

50% ionic membrane alkali

North China

1220-1320

1220-1320

0/0

Ex-factory price

Hebei

1300-1320

1300-1320

0/0

Ex-factory price

Shandong

1210-1300

1210-1300

0/0

Current exchange rate

Tianjin

2600-2670

2600-2670

0/0

A discount of 100%

Southwest

3200-3400

3200-3400

0/0

A discount of 100%

99% tablet alkali

Northwest

2900-3000

2900-3000

0/0

Ex-factory price

Shandong

3250-3350

3250-3350

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

1230-1380

1230-1380

0/0

Ex-factory price

30% ionic membrane alkali

Southwest

930-990

930-990

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 shows a stable trend, individual regional market transaction price center of gravity moves upward, most regional markets maintain a stable trend, market turnover performance is general, near the weekend, most operators are relatively cautious. Today, prices in some areas of the liquid alkali market have risen, and there has been no obvious change in the price range in most areas. from the point of view of price adjustment in various regions, 32% of ionic membrane alkali has individually increased by 10-16 yuan per ton, and the prices of other concentrations of alkali have remained almost stable, and the price range has not been significantly adjusted. The recent shipping situation of caustic soda enterprises in individual areas has improved, the inventory pressure of enterprises has been reduced, and the enthusiasm of receiving goods downstream is OK; the shipping situation of enterprises in individual areas is relatively smooth, and the price center of gravity of market transactions has mainly moved up. In most other areas, the supply and demand sides of the market do not change much, maintain the previous level of operation, the enterprise shipping situation does not change much, the downstream receiving enthusiasm is general, the mentality of operators in each region is relatively cautious, and the price level is mostly maintained in the early stage. Most of the upstream production enterprises wait and see to stabilize prices. Today, the trend of the tablet alkali market is relatively stable, the transaction price of each regional market is mainly sorted out, the pre-sale of manufacturers is OK, the operation of most devices is stable, the downstream demand shows regional differences, and the overall demand is relatively weak and stable, approaching the weekend, the wait-and-see mood of the market in various regions is heavy, and the price adjustment is more cautious.

 

Caustic soda futures analysis:    caustic soda SH2405 contract as a whole shows a down-up-down trend. Prices fluctuated downwards in night trading, rebounded after a small concussion in the morning, continued to rise in the afternoon, and mainly fell in late trading. As of today's close, SH2405 contracts fluctuated in the range of 2652-2683 throughout the day, with a price difference of 31pc05contract to reduce positions by 806lots and 45404 positions so far.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index was 2697.19 on March 1, up 3.28%, or 0.122%. China's caustic soda index rose.

 

 

Prediction of the later stage of caustic soda:    

Spot: first of all, from the supply side, the operation of caustic soda plants in most areas is stable, and a few units have maintenance plans in the later stage, which can boost local prices or stocks, and the supply side presents regional favorable support; downstream demand is still in the process of recovering one after another. Yangchun March, downstream demand is expected to improve gradually. From the perspective of comprehensive profits, the profit situation of chlor-alkali enterprises is poor, manufacturers have a price mentality, it is expected that the spot price of caustic soda may rebound in the later period, and the fundamentals are expected to be good.

Futures: caustic soda SH2405 contract shock operation, futures prices continue to fluctuate around the mid-track, as of the closing surface showed a negative column cross star. Market turnover: 15.2% more than empty 14.2%, 16.3% more flat than 14.6%. The technical level shows that the opening of the three tracks of the Bolin belt (13, 13, 2) has a downward trend, the KD line at the daily level shows a dead fork trend, and the MACD line continues to intersect and twist, but shows no obvious dead fork trend. In the short term, the price of caustic soda may still show a dilemma, continue to fluctuate around the middle track.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

February twenty _ ninth

March 1st

Rise and fall

Remarks

Northeast China

1-100

1-100

0/0

Tank car quotation

Shandong province

1-100

1-100

0/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

-100-1

-50-1

50/0

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

1-150

1-150

0/0

Tank car quotation

Inner Mongolia

1-100

1-100

0/0

Tank car quotation

Anhui province

-100-1

-100-1

0/0

Tank car quotation

Hebei Province

1-200

1-200

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, on March 1, China's liquid chlorine spot index was 138.89, up 5.56%, or 4.17%. China's liquid chlorine index rose.

 

 

Caustic soda holding the list: