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Caustic soda: Spot prices continue to increase regionally, and futures prices break through the upper track and rise significantly

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March 5, 2024, 5:19 PM


Caustic soda futures analysis:    March 5 SH2405 contract opening price: 2701, highest price: 2744, lowest price: 2690, position: 43166, settlement price: 2715, yesterday settlement: 2683, up: 32, closing price: 2706, daily trading volume: 56709 lots, precipitated capital: 841 million, capital outflow: 18.24 million.

 

Market price of caustic soda:

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

Specifications

Market

March fourth

March fifth

Rise and fall

Remarks

32% ionic membrane alkali

Northeast China

950-1300

950-1300

0/0

Ex-factory price

Northwest

768-784

768-816

0/32

Ex-factory price

North China

710-810

710-810

0/0

-

Hebei

750-810

750-810

0/0

Ex-factory price

South China

980-1130

980-1130

0/0

Can price

Shandong

710-790

710-790

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

2450-2700

2500-2700

50/0

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

1200-1290

1200-1290

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

2900-3100

0/100

Ex-factory price

Shandong

3300-3400

3300-3400

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

2800-2900

100/100

A discount of 100%

 

Spot analysis of caustic soda:      today China's caustic soda market as a whole shows an upward trend, the market transaction situation is flexible, liquid alkali prices rise regionally, individual areas are good to support, market transaction prices in most areas of the market are mainly stable, and most operators hold a wait-and-see mentality. Today, the price center of gravity in a few areas of the liquid alkali market has moved up, most areas have remained wait-and-see, and the price center of gravity has not changed obviously. from the point of view of price adjustment in various regions, 32% of ionic membrane alkali has individually increased by 32-50 yuan / ton, 48% of ionic membrane alkali has increased by 100 yuan / ton, and the prices of other concentrations of alkali have remained almost stable, and the price range has not been significantly adjusted. The upward movement of the price center of gravity in the liquid alkali market in some regions of Northwest China is mainly boosted by the upward quotation of local caustic soda enterprises, increased confidence among traders, and an increase in market prices; the price of high concentration caustic soda in some areas has risen mainly, and the inventory pressure of enterprises is not great. The situation of enterprise shipments is relatively good, and the downstream purchasing enthusiasm is still good, so the price is mainly rising. 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 the price, a few adjust the ex-factory quotation, the price adjustment direction is different, the range is 10-20 yuan / ton, the ex-factory quotation in central China is raised obviously, the range is 50-150 yuan / ton. Today, the operation of most devices in tablet alkali enterprises is relatively stable, the downstream demand side does not change much, the overall market transaction situation maintains the previous level, the new order prices of most manufacturers in Northwest China have not been announced yet, and the quotations of operators in the market are relatively cautious. The shipping price has not been significantly adjusted, mainly waiting to see the market as a whole.

 

Caustic soda futures analysis:    caustic soda SH2405 contract shows a trend of rising first and then falling. Night trading price concussion operation, early trading after the opening price upward, to the intraday high of 2744 points began to shock downward, afternoon prices as a whole shock operation. As of today's close, SH2405 contracts fluctuated in the range of 2690-2744 throughout the day, with a price difference of 54. 05 contracts reduced their positions by 1116 hands, and have held 43166 positions so far.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index rose to 2713.61 on March 5, up 10.62%, or 0.393%. China's caustic soda index rose.

 

 

Prediction of the later stage of caustic soda:    

Spot aspect: recently, the caustic soda spot market shows a trend of narrow operation. at present, there is a lack of factors to guide the overall trend of the market, and only a few areas flexibly adjust prices according to local enterprises and market conditions. at present, the operation of most devices is relatively stable, and local equipment maintenance brings a certain boost to local prices. The overall downstream demand does not change much, the overall demand shows regional differences, there is resumption of production in the lower reaches of some areas, and the demand is in the recovery stage. At present, the overall enthusiasm of inquiry in the market is general, and there are little changes on both sides of supply and demand, it is expected that the short-term price of caustic soda will continue to show regional changes.

Futures: caustic soda SH2405 contract price upward is relatively obvious, intraday highs break through the upper track up to 2744, the current futures price is in the middle and upper track operation, mainly reducing positions. Market turnover: 18% more than empty 12.7%, 14.7% more flat than 21.4%. The technical level shows that the opening of the three tracks of the Bolin belt (13, 13, 2) has an upward trend, and the KD line and MACD line at the daily level show a golden fork trend. In the short term, the SH2405 contract price of caustic soda still has an upward trend.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

March fourth

March fifth

Rise and fall

Remarks

Northeast China

200-300

300-400

100/100

Tank car quotation

Shandong province

200-300

300-400

100/100

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

-50-1

100-200

150/199

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

1-150

300-350

299/200

Tank car quotation

Inner Mongolia

1-100

1-100

0/0

Tank car quotation

Anhui province

-100-1

100-200

200/199

Tank car quotation

Hebei Province

200-400

300-500

100/100

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, on March 5, China's liquid chlorine spot index was 322.22, up 116.67, or 56.76%. China's liquid chlorine index rose.

 

 

Caustic soda holding the list: