Caustic soda: Spot prices showed a regional increase, while futures prices fluctuated

Caustic soda futures analysis:    March 12 SH2405 contract opening price: 2687, highest price: 2707, lowest price: 2680, position: 39626, settlement price: 2693, yesterday settlement: 2709, down: 16, closing price: 2690, daily trading volume: 25157 lots, precipitated capital: 767 million, capital inflow: 900000.

 

Market price of caustic soda:

Summary of market price of caustic soda (unit: yuan / ton)
Specifications	Market	March eleventh	March 12th	Rise and fall	Remarks
32% ionic membrane alkali	Northeast China	950-1300	950-1300	0/0	Ex-factory price
	Northwest	768-816	768-816	0/0	Ex-factory price
	North China	710-810	710-830	0/20	-
	Hebei	770-840	780-840	10/0	Ex-factory price
	South China	1000-1150	1000-1150	0/0	Can price
	Shandong	700-820	700-830	0/10	Current exchange rate
	Zhejiang	1005-1030	1005-1030	0/0	-
	Jiangsu Province	820-880	820-880	0/0	Delivery price
	Tianjin	2300-2500	2550-2600	250/100	A discount of 100%
	Anhui Province	830-880	830-880	0/0	Ex-factory price
	Henan	2800-2900	2800-2900	0/0	A discount of 100%
50% ionic membrane alkali	North China	1270-1340	1270-1360	0/20	Ex-factory price
	Hebei	1320-1340	1320-1340	0/0	Ex-factory price
	Shandong	1270-1380	1270-1380	0/0	Current exchange rate
	Tianjin	2600-2800	2750-2800	150/0	A discount of 100%
	Southwest	3200-3400	3200-3400	0/0	A discount of 100%
99% tablet alkali	Northwest	2900-3100	2900-3100	0/0	Ex-factory price
	Shandong	3350-3400	3350-3400	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	1250-1380	1250-1380	0/0	Ex-factory price
30% ionic membrane alkali	Southwest	930-990	930-990	0/0	-
48% ionic membrane alkali	Henan	2900-2950	2900-2950	0/0	A discount of 100%

 

Caustic soda spot analysis:      today, China's caustic soda continues to show a regional upward state of operation, there are differences in inter-regional market operation, the overall supply and demand side does not change much, some areas still show a wait-and-see mentality. The price of liquid alkali is mainly raised in some areas, and most areas of the tablet alkali market wait and see carefully. Today, the trading performance of the liquid alkali market is OK, there is a regional difference in supply and demand, there is favorable support in some areas, the price center of market transaction is mainly shifted upward, the market in most areas is cautious and wait-and-see, and the price is stable. From the perspective of regional market price adjustment, 32% ion-exchange membrane alkali rose 10-250 yuan / ton, 50% ion-exchange membrane alkali increased 20-150 yuan / ton, and the prices of other concentrations of alkali almost remained stable. There is no significant adjustment in the price range. Prices in Shandong, the main producing area, have risen as a whole, and some local caustic soda enterprises have maintenance plans. in addition, the current situation of enterprise shipments is OK, which plays a supporting role in the local market, and the market in some surrounding areas has been boosted by this, and the price center of gravity of market transactions has also moved up slightly. Downstream demand in some areas has improved, supporting prices to rise. 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, and a few manufacturers raise the ex-factory quotation mainly. Today, the price of tablet alkali is stable and small, the transaction situation in each regional market is flexible, the market transaction price remains stable, and the price in some areas has risen slightly. The operation of most of the devices in the upstream manufacturers is stable, and the downstream demand to maintain rigid demand does not change much. Most manufacturers in Northwest China have not announced new prices, most regional markets maintain a wait-and-see mood, and regional price collation and operation.

 

Caustic soda futures analysis:    caustic soda SH2405 contract shows a trend of rising first and then falling. Night trading price volatility operation, after the opening of morning trading showed a small rise, the roar began to decline, afternoon prices continued to decline, and rebounded slightly in late trading. As of today's close, SH2405 contracts fluctuated from 2680 to 2707 throughout the day, with a price difference of 27 minus 05 contracts to reduce their positions by 101 lots and 29626 positions so far.

 

Caustic soda index analysis: according to Tuduoduo data, on March 12, China's caustic soda index was 2777.04, up 15.77%, or 0.571%. China's caustic soda index rose.

 

 

Prediction of the later stage of caustic soda:    

Spot market: there are regional differences in the fundamentals of the spot market. At present, the operation of the equipment in most areas is relatively stable, the price is not good, there is a maintenance plan for the equipment in some areas, and the supply of goods is reduced regionally. There is a certain positive boost to the local market, while in late March, 600000 tons of production capacity is planned in some areas, and the local supply is expected to increase. Supply has different positive and negative effects on different regions. Downstream demand, the current downstream demand changes little, the overall maintenance of rigid demand procurement, the overall start of the main downstream alumina enterprises do not change much, bauxite supply is still relatively tight, but the later bauxite supply is expected to resume. At that time, alumina construction may increase to a certain extent, and then increase the demand for caustic soda. It is expected that the short-term caustic soda market may continue to show regional differential operation, regional price adjustment, and most other regions lack the factors to guide the market trend.

Futures: the futures price of caustic soda SH2405 contract fluctuates near the middle rail, and there is no big market in the day. The futures price began to break through the middle rail from above yesterday, and then today the futures price fluctuated near the middle rail. As of the afternoon closing price as a whole showed a positive column cross star, but the shadow line is relatively long, the overall disk shows a small position-reducing trend. The technical level shows that the opening of the three tracks of the Bolin belt (13, 13, 2) expands, the KD line of the daily line shows the trend of dead fork, and the MACD line shows the trend of golden fork, but the trend of golden fork continues to narrow. In the short term, the caustic soda price may fluctuate near the middle rail, but the pressure above the price is high, so we need to pay attention to the upper pressure level.

 

Market price of liquid chlorine:

 

Liquid chlorine index analysis:    according to Tuduoduo data, on March 12, China's liquid chlorine spot index was 288.89, up 33.33%, or 13.04%. China's liquid chlorine index rose.

 

 

Caustic soda holding the list: