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Caustic soda: The focus of spot prices has partially shifted upwards, and the futures price has increased its position downward

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March 13, 2024, 4:21 PM


Caustic soda futures analysis:    March 13 SH2405 contract opening price: 2692, highest price: 2698, lowest price: 2643, position: 42102, settlement price: 2671, yesterday settlement: 2693, down: 22, closing price: 2655, daily trading volume: 35955 lots, precipitated capital: 805 million, capital inflow: 37.35 million.

 

Market price of caustic soda:

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

Specifications

Market

March 12th

March 13th

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

710-830

710-850

0/20

-

Hebei

780-840

800-850

20/10

Ex-factory price

South China

1000-1150

1000-1150

0/0

Can price

Shandong

700-830

700-830

0/0

Current exchange rate

Zhejiang

1005-1030

1005-1030

0/0

-

Jiangsu Province

820-880

820-880

0/0

Delivery price

Tianjin

2550-2600

2550-2600

0/0

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

1270-1360

1270-1360

0/0

Ex-factory price

Hebei

1320-1340

1320-1340

0/0

Ex-factory price

Shandong

1270-1380

1270-1380

0/0

Current exchange rate

Tianjin

2750-2800

2750-2800

0/0

A discount of 100%

Southwest

3200-3400

3200-3500

0/100

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

1295-1380

45/0

Ex-factory price

30% ionic membrane alkali

Southwest

930-990

930-1020

0/30

-

48% ionic membrane alkali

Henan

2900-2950

2900-2950

0/0

A discount of 100%

 

Caustic soda spot analysis:      today China's caustic soda market continues to rise slightly in some areas, and most areas maintain a wait-and-see mentality. The guiding factors are different in different regions, and most of the operators are cautious. The market transaction is general, the price of liquid alkali has been raised in a few areas, and the price center of gravity of tablet alkali transaction has not changed much. Today, prices in some areas of the liquid alkali market have risen, and most areas are watching cautiously. From the point of view of market price adjustment in various regions, 32% of the ionic membrane alkali rose 10-20 yuan / ton, 50% of the ionic membrane alkali rose 100 yuan / ton, 30% of the ionic membrane alkali rose 30 yuan / ton, and 49% of the ionic membrane alkali rose 45 yuan / ton. the prices of other concentrations of alkali almost remained stable, and there was no obvious adjustment in the price range. There are parking and overhauling of caustic soda plants in individual areas today, coupled with the availability of enterprise shipments, supporting the slight upward movement of the price center of gravity in the local market; the load of caustic soda devices in individual areas is dissatisfied, but there is a certain pressure on enterprise inventory, so local prices have risen slightly in individual regions, and most of them maintain a stable trend. 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 tablet alkali market is regionally adjusted, and the market in most areas is stable. The operation of the equipment of the upstream production enterprises is relatively stable, the load of the equipment in some areas has changed, the quotations of the manufacturers have been partially raised, and the shipping prices of some traders have also increased accordingly, and the transaction is lukewarm.

 

Caustic soda futures analysis:    caustic soda SH2405 contract concussion downward. Night trading price concussion operation, after the opening of the morning concussion downward, and then a small fluctuation, afternoon prices continue to show a small downward trend. As of today's close, SH2405 contracts fluctuated in the range of 2643-2698 throughout the day, with a price gap of 55 and a position increase of 2476 hands, with a position of 42102 hands so far.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index rose to 2790.18 on March 13, up 13.14%, or 0.473%. China's caustic soda index rose.

 

 

Prediction of the later stage of caustic soda:    

Spot aspect: at present, the overall operation of the spot market is stable and small, market prices in some areas are adjusted flexibly, the mentality of operators in most areas is more cautious, and there is no obvious change in the price range. On the supply side, the operation of the equipment in most areas is relatively stable, the maintenance plan of the equipment in some areas supports the local market, and the supply in other areas maintains the previous level. The overall downstream demand does not change much, maintaining the rhythm of rigid demand procurement low replenishment, insufficient guidance to the market. At present, the regional market lacks the factors that obviously guide the market trend, and it is expected that the short-term caustic soda price will be adjusted flexibly by each region according to the local market and the enterprise's own situation.

Futures: caustic soda SH2405 contract shows a downward trend of concussion, and a downward trend of increasing positions in the day. Market turnover: 13% more than empty 20.3%, empty 13.2% more than 17.3%. The technical level shows that the opening of the three rails of the Bolin belt (13,13,2) diverges, the opening of the middle and lower rails is downward, the KD line at the daily level shows a dead fork trend, and the dead fork trend expands, and the two MACD lines nearly intersect. Intraday low close to the lower track, but did not fall, the disk closed at the negative column cross, there is support below the futures price, short-term caustic soda SH2405 contract price may continue to fluctuate, pay attention to the lower track support.

 

Market price of liquid chlorine:

Summary of market price (unit: yuan / ton)

Area

March 12th

March 13th

Rise and fall

Remarks

Northeast China

300-400

300-400

0/0

Tank car quotation

Shandong province

200-300

200-300

0/0

Tank car quotation

Zhejiang Province

500-600

500-600

0/0

Tank car quotation

East China region

-50-200

100-200

150/0

Tank car quotation

Southwest China

400-600

400-600

0/0

Tank car quotation

Central China

300-350

300-350

0/0

Tank car quotation

Inner Mongolia

1-100

1-100

0/0

Tank car quotation

Anhui province

100-200

100-200

0/0

Tank car quotation

Hebei Province

300-400

300-400

0/0

Tank car quotation

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index rose 5.56%, or 1.92%, to 294.44 on March 13. China's liquid chlorine index rose.

 

 

Caustic soda holding the list: