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Caustic soda: Futures prices continue to break through the track and rise, showing a trend of three consecutive rises, and spot prices have been reduced sporadically

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August 2, 2024, 4:19 PM


Analysis of caustic soda futures:SH2409 contract opening price: 2422, highest price: 2478, lowest price: 2422, position: 48441, settlement price: 2449, yesterday settlement price: 2442, up: 7, closing price: 2473, daily trading volume: 129366 lots, precipitated capital: 575 million, capital outflow: 47.28 million.

Market price of caustic soda:

Spot analysis of caustic soda:Today, the trend of the domestic caustic soda market is relatively stable, market prices in most areas have not changed significantly, only a few regional prices have been slightly reduced. The market trading atmosphere is general, near the weekend, the enthusiasm of operators to enter the market is not high, mainly wait and see the market as a whole. Today, liquid alkali market prices are adjusted flexibly, transaction prices in some areas are reduced sporadically, and most stable prices wait and see. The price of liquid alkali purchased by alumina enterprises in Guangxi is also stable. From the perspective of price adjustment in various regional markets, 32% of ionic membrane bases have been reduced by 10 yuan / ton, 50% of ionic membrane bases have been reduced by 10 yuan / ton, and the prices of other concentrations of alkali have remained almost stable, and the price range has not been significantly adjusted. Near the weekend, the mentality of the operators is cautious, the downstream demand in most areas maintains the pace of lukewarm rigid demand procurement, the overall shipping situation of liquid alkali enterprises is general, and the supply and demand sides in each region are basically stable. Most of the upstream manufacturers wait and see to stabilize the price, and the mentality of price adjustment is more cautious. Today's tablet alkali market maintains yesterday's level of operation, manufacturers' quotations and regional market prices have not been significantly adjusted, market transaction prices in some areas are slightly lower than manufacturers' quotations, operators' enthusiasm for entering the market is poor, and the market trading atmosphere is weak.

Caustic soda futures analysis:Caustic soda SH2409 contract price continues to rise. Night trading prices fluctuated slightly, showing an upward trend after short-term fluctuations in the morning, and continued to show an obvious upward trend in the afternoon. As of today's close, SH2409 contracts fluctuated in the range of 2422-2478 throughout the day, with a price difference of 56 minus 09 contracts to reduce positions by 4889 hands, with 48441 positions so far.

Caustic soda index analysis:According to Tdd-global data, on August 2, the domestic caustic soda index was 2779.56, down 0.21, or 0.007%, and the domestic caustic soda index fell.

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Future forecast of caustic soda:

Spot aspect:The recent market trend is divided, liquid alkali prices rise and fall alternately, the tablet alkali market shows a downward trend, comprehensively speaking, the caustic soda market is lack of clear positive support. From the point of view of both supply and demand, although there are still new maintenance devices in the later stage, at the same time, the early maintenance devices have been restored one after another, although the device maintenance has a certain support to the local areas, but they are helpless in the overall weak market; the demand side continues to be weak, it is difficult to have obvious support to the market. It is expected that the caustic soda market will move steadily in the short term, and will be arranged and operated in some areas.

In terms of futures:The contract price of caustic soda SH2409 continued to rise, showing three consecutive upward trends, hitting a weekly high of 2478. Near the weekend, most of the participants on both sides of the long and short positions left the market, and today's trading situation: 17.3% more than open 16.8%, 21.2% more than 19.6%. The technical level shows that the opening of the three tracks of the Bolin belt (13, 13, 2) has an obvious narrowing trend, the KD line at the daily line level shows a golden fork trend and the trend expands, and the MACD line also shows a golden fork trend. In the short term, there is still upward pressure on futures prices, pay attention to the performance near the middle track.

Caustic soda holds the list:

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