Caustic soda: Spot prices continued to fall individually, and futures prices gapped lower and opened to hit a record low

Caustic soda futures analysis:    April 8 SH2405 contract opening price: 2406, highest price: 2410, lowest price: 2328, position: 44673, settlement price: 2373, yesterday settlement: 2452, down: 79, closing price: 2385, daily trading volume: 65207 lots, precipitated capital: 767 million, capital outflow: 15.1 million.

 

Market price of caustic soda:

Summary of market price of caustic soda (unit: yuan / ton)
Specifications	Market	April 7th	April 8th	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	740-830	740-830	0/0	-
	Hebei	770-870	750-850	-20/-20	Ex-factory price
	South China	940-1050	940-1050	0/0	Can price
	Shandong	740-800	740-800	0/0	Current exchange rate
	Zhejiang	1030-1070	1030-1070	0/0	-
	Jiangsu Province	800-900	800-900	0/0	Delivery price
	Tianjin	2520-2650	2520-2650	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	1300-1380	1300-1380	0/0	Ex-factory price
	Hebei	1380-1410	1380-1410	0/0	Ex-factory price
	Shandong	1300-1380	1300-1380	0/0	Current exchange rate
	Tianjin	2800-2900	2800-2900	0/0	A discount of 100%
	Southwest	3500-3700	3500-3700	0/0	A discount of 100%
99% tablet alkali	Northwest	2800-2900	2800-2900	0/0	Ex-factory price
	Shandong	3200-3250	3100-3150	-100/-100	Ex-factory price
45% ionic membrane alkali	Northeast China	1680-1750	1680-1750	0/0	Ex-factory price
49% ionic membrane alkali	Jiangsu Province	1340-1400	1340-1400	0/0	Ex-factory price
30% ionic membrane alkali	Southwest	990-1080	990-1080	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 market moves steadily, the price center of gravity continues to move down in a few areas, the market mentality in most areas is cautious, and the price is relatively stable. The overall performance of the market trading atmosphere is general, there are differences in enterprise shipments, downstream demand to maintain rigid demand procurement. Today, the price of liquid alkali has not changed significantly in most areas, and individual transaction prices have fallen. From the point of view of market price adjustment in various regions, 32% of ionic membrane alkali has dropped by 20 yuan / ton, 50% of ionic membrane alkali has dropped by 30 yuan / ton, and the prices of other concentrations of alkali have remained almost stable, and the price range has not been significantly adjusted. The enthusiasm of receiving goods in the lower reaches of individual areas is not high, the shipping situation of enterprises is poor, and affected by the early price drop in Shandong, the local price center of gravity has moved downwards; the demand of high concentration alkali downstream in some areas of South China is poor, and the price center of gravity of high concentration alkali transaction has moved down. In most other regions, the market is relatively stable, the price maintains the previous level of operation, the supply and demand sides do not change much, the overall enterprise shipment situation has not significantly improved, the downstream demand maintains a lukewarm rhythm, and the attitude of the industry in each region is relatively cautious. A small number of upstream production enterprises lowered their ex-factory quotations, while other manufacturers wait and see to stabilize prices. Today's tablet alkali market individual downward, Shandong area of tablet alkali factory quotation lowered at the beginning of the week, the local transaction price center of gravity has also moved down. Most manufacturers in the northwest region have not yet announced new unit prices, while prices in some areas have fallen, and most areas are mainly waiting for the market, and the mentality of price adjustment is more cautious.

 

 

Caustic soda futures analysis:    caustic soda SH2405 contract early opening late price jump low opened obviously, intraday price hit a new record low. After the price went down to the location in the morning, it rebounded slightly and ran in shock, while the price in the afternoon continued to run in shock, without seeing a big market. As of today's close, SH2405 contracts fluctuated in the range of 2328-2410 throughout the day, with a price gap of 82 and a position increase of 311 hands, with 44673 positions so far.

 

Caustic soda index analysis: according to Tuduoduo data, China's caustic soda index was 2780.94, down 7.47, or 0.268%, on April 8, while China's caustic soda index fell.

 

 

Prediction of the later stage of caustic soda:    

Spot: Shandong downstream alumina enterprises purchase liquid alkali prices again reduced by 20 yuan / ton to 720 yuan / ton, which is bad for the local liquid alkali market. At present, there is equipment maintenance in some areas of the caustic soda plant, which supports the local price, but the price has not fallen yet, most of the other devices are relatively stable, and the supply of goods on the market is adequate. There is no significant improvement in downstream demand, continue to maintain the pace of lukewarm rigid demand procurement, the overall enthusiasm for receiving goods is poor, coupled with the high-price source of shipments is more pressure, demand in the face of the market as a whole is negative. On the whole, it is expected that the short-term caustic soda market may continue to show a regional downward trend.

Futures: the price of caustic soda SH2405 contract opened low and opened a new record low of 2328, but did not effectively fall below the 2300 mark, there is some support below. The Mandarin Commodity Index rose strongly, commodity sentiment was high, a few commodities were on a downward trend, while caustic soda led the list, down 2.25%. Today's trading situation: 17.5% more than empty 16.5%, empty 17.8% compared with 17.7%, long and short sides are neck and neck. The technical level shows that the openings of the three tracks of the Bolin belt (13,13,2) are downward, the KD lines of the daily line are cross-wound, and the MACD lines show a dead fork trend. At present, the caustic soda SH2405 contract price below the support is more obvious, the market or deposit upside.

 

Market price of liquid chlorine:

 

Liquid chlorine index analysis:    according to Tuduoduo data, on April 8, China's liquid chlorine spot index was 444.44, up 47.78, or 12.04%. China's liquid chlorine index rose.

 

 

Caustic soda holding the list: