Caustic soda: Spot prices fell significantly, and futures prices fell first and then rose

 

Caustic soda futures analysis:    April 9 SH2405 contract opening price: 2368, highest price: 2388, lowest price: 2320, position: 49710, settlement price: 2354, yesterday settlement: 2373, down: 19, closing price: 2370, daily trading volume: 92048 lots, precipitated capital: 566 million, capital inflow: 202 million.

 

Market price of caustic soda:

Summary of market price of caustic soda (unit: yuan / ton)
Specifications	Market	April 8th	April 9th	Rise and fall	Remarks
32% ionic membrane alkali	Northeast China	950-1300	950-1300	0/0	Ex-factory price
	Northwest	736-768	704-736	-32/-32	Ex-factory price
	North China	740-830	720-810	-20/-20	-
	Hebei	750-850	740-810	-10/-40	Ex-factory price
	South China	940-1050	940-1050	0/0	Can price
	Shandong	740-800	720-790	-20/-10	Current exchange rate
	Zhejiang	1030-1070	1030-1070	0/0	-
	Jiangsu Province	800-900	780-880	-20/-20	Delivery price
	Tianjin	2520-2650	2420-2450	-100/-200	A discount of 100%
	Anhui Province	900-960	900-930	0/-30	Ex-factory price
	Henan	2800-2900	2700-2800	-100/-100	A discount of 100%
50% ionic membrane alkali	North China	1300-1380	1250-1380	-50/0	Ex-factory price
	Hebei	1380-1410	1320-1380	-60/-30	Ex-factory price
	Shandong	1300-1380	1250-1350	-50/-30	Current exchange rate
	Tianjin	2800-2900	2790-2800	-10/-100	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	3100-3150	3100-3150	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	1340-1400	1320-1380	-20/-20	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:      China caustic soda market is weak today, prices in most areas have been lowered by different degrees, the overall operation of the market is obviously weak, the transaction performance is poor, the downstream demand performance is lukewarm, the supply of goods on the market is sufficient, and the negative factors are dominant. Today, the overall price of liquid alkali has dropped significantly, and different regions have different rates of decline. From the point of view of market price adjustment in each region, 32% of the ionic membrane alkali dropped 10-200 yuan / ton, 50% of the ionic membrane alkali dropped 10-100 yuan / ton, and 49% of the ionic membrane alkali dropped 20 yuan / ton. The prices of other concentrations of alkali almost remained stable, and there was no significant adjustment in the price range. First of all, the lower reaches of Shandong alumina plant reduces the purchase price of liquid alkali, which is bad for the local liquid alkali price; in some areas, the downstream and traders are not enthusiastic about receiving goods, and the market transaction situation is not ideal, so lowering the shipping price promotes the transaction; the downstream demand in some areas is poor, and the inventory pressure of local liquid alkali enterprises is great, and the price is also reduced mainly. The market in a few areas 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, the center of gravity in some areas of the tablet alkali market has moved down obviously, the trading situation on the market is not good, the operation of most devices is stable, and the supply of goods is sufficient, but the shipping situation of enterprises is relatively unsatisfactory, and the downstream receiving situation is mediocre. Under the condition of weak demand, the price of tablet alkali shipment is under pressure.

 

 

Caustic soda futures analysis:    caustic soda SH2405 contract prices fluctuated downwards at night, rose late after a small fluctuation in the morning, and continued to rise slightly in the afternoon. As of today's close, SH2405 contracts fluctuated in the range of 2320-2388 throughout the day, with a spread of 68jie 05 contracts with an increase of 5037 positions and 49710 positions so far.

 

Caustic soda index analysis: according to Tuduoduo data, on April 9, China's caustic soda index was 2727.01, down 53.93%, or 1.939%. China's caustic soda index fell.

 

 

Prediction of the later stage of caustic soda:    

Spot aspect: at present, most of the caustic soda units are stable, the overall performance of the supply is relatively sufficient, and the inventory pressure of enterprises in some areas has increased, but the downstream demand performance is poor, the overall demand procurement volume is lukewarm, and the shipment situation of caustic soda enterprises is not ideal. do not rule out the possibility that the price will continue to be lowered in the later period to increase shipments. From today on, downstream alumina manufacturers continue to reduce the purchase price of liquid alkali, which is more obvious for the current market. It is expected that the short-term caustic soda market may maintain a downward trend, and prices will continue to show a regional decline.

Futures: caustic soda SH2405 contract price hit a new low of 2320, the futures price even hit a new low, but did not fall below the 2300 mark. Today's trading situation: 14.8% more than 19.1% empty, 18.3% flat and 15.1% more flat. 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 lower support of caustic soda SH2405 contract price is more obvious, the market may continue to test the lower support level.

 

Market price of liquid chlorine:

 

Liquid chlorine index analysis:    according to Tuduoduo data, China's liquid chlorine spot index rose to 483.33 on April 9, up 38.39, or 8.75. the Chinese liquid chlorine index rose.

 

 

Caustic soda holding the list: