Caustic soda: Spot prices in some regions have shifted downward, and futures prices have innovated at periodic lows

Caustic soda futures analysis:    March 29th SH2405 contract opening price: 2497, highest price: 2504, lowest price: 2420, position: 53631, settlement price: 2456, yesterday settlement: 2514, down: 58, closing price: 2429, daily trading volume: 78383 lots, precipitated capital: 938 million, capital inflow: 94.55 million.

 

Market price of caustic soda:

Summary of market price of caustic soda (unit: yuan / ton)
Specifications	Market	March 28th	March twenty _ ninth	Rise and fall	Remarks
32% ionic membrane alkali	Northeast China	950-1300	950-1300	0/0	Ex-factory price
	Northwest	736-768	736-768	0/0	Ex-factory price
	North China	740-920	740-910	0/-10	-
	Hebei	860-920	850-910	-10/-10	Ex-factory price
	South China	1000-1150	1000-1150	0/0	Can price
	Shandong	760-860	760-860	0/0	Current exchange rate
	Zhejiang	1030-1070	1030-1070	0/0	-
	Jiangsu Province	890-950	890-950	0/0	Delivery price
	Tianjin	2550-2630	2550-2630	0/0	A discount of 100%
	Anhui Province	900-960	900-960	0/0	Ex-factory price
	Henan	2800-2900	2800-2900	0/0	A discount of 100%
50% ionic membrane alkali	North China	1340-1410	1340-1410	0/0	Ex-factory price
	Hebei	1380-1410	1380-1410	0/0	Ex-factory price
	Shandong	1330-1400	1330-1400	0/0	Current exchange rate
	Tianjin	2750-2860	2750-2860	0/0	A discount of 100%
	Southwest	3200-3600	3200-3600	0/0	A discount of 100%
99% tablet alkali	Northwest	2850-2950	2850-2950	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	1400-1450	1400-1450	0/0	Ex-factory price
30% ionic membrane alkali	Southwest	960-1050	960-1050	0/0	-
48% ionic membrane alkali	Henan	2900-2950	2900-2950	0/0	A discount of 100%

 

Spot analysis of caustic soda:      the trend of China's caustic soda market is stable today. Near the weekend, the mentality of operators in various regions is relatively cautious, mainly to wait and see the market, the center of gravity of liquid caustic soda transaction price is sporadically down, and the local transaction price of tablet caustic soda has also moved down. Today, the overall price of liquid alkali shows a trend of large and stable small movements, prices in some areas have been reduced sporadically, prices in most areas have been operating steadily, and operators have a heavy wait-and-see mentality. From the perspective of price adjustment in various regions, 32% of ionic membrane alkali has individually dropped 10 yuan / ton. The prices of other concentrations of alkali have almost remained stable, and the price range has not been significantly adjusted. The high-price supply of liquid alkali in Shandong area is not ideal, and the inventory of liquid alkali has increased, and the price center of gravity in the local market has mainly shifted downward, which also has an impact on the surrounding individual areas. In April, the order price of alkali for alumina purchasing liquid in Shanxi was reduced by 200 yuan / ton. In most other areas, the market is relatively stable, the price maintains the previous level of operation, the supply and demand sides do not change much, the overall shipping situation of enterprises has not improved significantly, the enthusiasm of receiving goods downstream is general, and the mentality of operators in each region is relatively cautious. Upstream production enterprises most manufacturers more stable prices wait and see, price adjustment mentality is more cautious, a few adjust ex-factory quotations. Today, the tablet alkali market is weak in a few areas, prices in most areas maintain stable operation, and market fluctuations are not obvious. The operation of most enterprise devices is relatively stable, and the pre-sale of enterprises is normal. Increased pressure on enterprises to ship goods in some areas The shipping price is mainly reduced slightly.

 

 

Caustic soda futures analysis:    caustic soda SH2405 contract shows a concussive downward trend. The night price fluctuates, the position fluctuates after the early price goes down, and the afternoon price hits a new low. As of today's close, SH2405 contracts fluctuated in the range of 2420-2504 throughout the day, with a spread of 84 and a margin of 84. 05 contracts increased their positions by 6682 hands, with 53631 positions so far.

 

Caustic soda index analysis: according to Tuduoduo data, on March 29th, China's caustic soda index was 2841.11, down 2.73, or 0.096%, while China's caustic soda index fell.

 

 

Prediction of the later stage of caustic soda:    

Spot: near the weekend, the wait-and-see mood in various regions is heavy, most regional markets maintain a stable trend, only a few negative factors are relatively obvious, flexible reduction of shipping prices. In the later stage of the market, a small number of devices are planned to be overhauled next week, which will boost the local liquid alkali price to a certain extent. Most of the devices operate stably and have no obvious effect on the price boost; the operation of the flake alkali plant is stable, and it also has no obvious effect on supporting biased prices. Downstream demand as a whole does not change much, maintaining rigid demand procurement is dominant. In addition, the reduction of the order price of alumina purchasing liquid alkali in Shanxi in April is bad for the local market, while the price of purchasing liquid alkali in other areas has not been announced yet, or the expectation of decline is too large. On the whole, it is expected that short-term caustic soda prices may rise and fall, and the market will operate differently.

Futures: the futures price of caustic soda SH2405 contract has continuously fallen below the track, and the market has shown a six-line negative trend so far. Market turnover: 14.2% more than short opening 20.6%, empty 15.7% versus Duoping 14.2%, short entry is more obvious. The technical level shows that the opening of the three tracks of the Bolin belt (13,13,2) continues to diverge, the opening of the upper rail is upward, the opening of the middle and lower rail is downward, and the KD line and MACD line of the daily line show a dead-forked trend. Judging from the Mandarin Commodity Index, the relative performance of the market was OK, while caustic soda led the decline in the second place, down 3.15%. As of this afternoon, the market closed with a negative column cross, and short-term futures may continue to maintain a downward trend.

 

Market price of liquid chlorine:

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index was 305.56 on March 29th, down 0%, with a range of 0%. China's liquid chlorine index is stable.

 

 

Caustic soda holding the list: