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Caustic soda: The price of low-concentration alkali increased slightly, the price of flake alkali was lowered, and the market continued to reduce its position

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August 21, 2024, 3:43 PM


Analysis of caustic soda futures:SH2409 contract opening price: 2523, highest price: 2535, lowest price: 2492, position: 18588, settlement price: 2517, yesterday settlement price: 2517, up: 0, closing price: 2522, daily trading volume: 47642 lots, precipitated capital: 225 million, capital outflow: 24.56 million.

Market price of caustic soda:

Spot analysis of caustic soda:Today, China's caustic soda market continues to maintain the trend of interval arrangement. The price of low-concentration caustic soda in the liquid caustic soda market has risen slightly in some areas. After the ex-factory quotation of tablet alkali has been lowered, the center of gravity of local market transactions has moved downwards. Most regional markets still maintain a cautious wait-and-see mentality. Today, the price center of gravity in the liquid alkali market has moved slightly upward, and there is favorable support in some areas. from the perspective of price adjustment in various regions, 32% of ionic membrane alkali has locally increased by 10 yuan per ton, while the prices of other concentrations of alkali have remained almost stable, and the price range has not been significantly adjusted. The inventory pressure of enterprises in individual areas is small, and driven by rising prices in Shandong, the main producing area, local prices have risen slightly; individual areas in eastern China have been affected by rising prices in surrounding areas, and the center of gravity of market transactions has moved up. The operation of the market in most other regions is stable, the price range has not changed significantly for the time being, demand still does not see a substantial improvement, and most downstream maintain the pace of rigid demand procurement. Most of the upstream production enterprises wait and see to stabilize the price, and a few manufacturers adjust their quotations. Today, the tablet alkali market is weak and volatile, and the new order quotation of manufacturers in the northwest region has been reduced by 50 yuan / ton. this week, the mainstream ex-factory quotation is 2700 yuan / ton. the price center of transaction in the local market has moved down, and the pre-sale situation of individual manufacturers in Xinjiang is OK. Ex-factory prices have increased. The market in most regions is relatively stable and still maintains a cautious wait-and-see attitude.

Caustic soda futures analysis:Caustic soda SH2409 contract first rose and then fell at night, after the opening of the morning trading, there was an obvious diving market, rebounded after reaching the Japanese Chinese point, and afternoon prices fluctuated. As of today's close, SH2409 contracts fluctuated in the range of 2492-2535 throughout the day, with a price difference of 43 minus 09 contracts with a reduction of 2037 positions and 18588 positions so far.

Caustic soda index analysis:According to Tuduoduo data, China's caustic soda index fell by 0.01% to 2733.06 on August 21, while China's caustic soda index fell.

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Future forecast of caustic soda:

Spot aspect:At present, the liquid alkali market shows regional changes, and the supply in Shandong, the main producing area, shows an increasing trend, but the overall enterprise inventory pressure is not great. Relative to the weak demand, the supply of liquid alkali is relatively sufficient. In some areas, there is equipment maintenance and negative reduction, which has a certain support for the local market. In the short term, it is expected that the center of gravity of liquid alkali prices may continue to move up slightly. Under the condition that the tablet alkali market is running weakly and the actual transaction price is lower than the ex-factory quotation, the new order price in Northwest China has been adjusted downwards unexpectedly this week, coupled with the weak demand downstream, the market trading atmosphere is depressed, with the reduction of the new order price, the market transaction price range in some areas or the space for decline, it is expected that the short-term tablet alkali market may be weak.

In terms of futures:Caustic soda main contract SH2409 contract continues to reduce positions, long and short parties close positions and leave mainly, the overall activity is not high, disk turnover: more than 17% compared to empty opening 15.1%, empty 16.7% vs. 18.7%. The technical level shows that the Bollinger belt (13, 13, 2) three tracks continue to diverge, the daily KD line and MACD line all show a golden fork trend, and today's futures price falls back to run below the upper track, but the support below the futures price is still relatively obvious. there is still support below the short-term disk.