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Caustic soda: The ex-factory price for new orders of caustic soda continues to increase, and the futures price remains volatile.

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September 11, 2024, 4:36 PM


Analysis of caustic soda futures:September 11 SH2501 contract opening price: 2444, highest price: 2495, lowest price: 2424, position: 40680, settlement price: 2452, yesterday settlement: 2485, down: 33, closing price: 2487, daily trading volume: 117415 lots, precipitated capital: 486 million, capital outflow: 19.65 million.

Market price of caustic soda:

Spot analysis of caustic soda:Today, the trend of China's caustic soda market is slightly different, the price of liquid caustic soda is down in some areas, and the price of flake alkali is rising in some areas. there are some differences in price adjustment mentality between the two alkali markets. The operation of the market in most regions is relatively stable, and the wait-and-see market sentiment continues unabated. Today, the trading atmosphere in the liquid alkali market is OK, the prices in some areas are down sporadically, and the liquid alkali prices in most areas are stable. From the perspective of price adjustment in various regional markets, 32% of the ionic membrane alkali dropped 50 yuan / ton, 48% of the ionic membrane alkali dropped 50 yuan / ton, the prices of other concentrations of alkali remained almost stable, and the price range has not been significantly adjusted. The supply of goods in some areas of central China is relatively stable, but the downstream receiving situation is poor, the purchasing enthusiasm of downstream enterprises is general, enterprises reduce shipping prices to promote shipments, and the price center of gravity of local market transactions moves down. The market operation in most other regions is stable, the supply and demand situation has not changed much, and the price range has not changed significantly for the time being. The upstream production enterprises individually adjust the ex-factory quotations, and most of them wait and see for stable prices. Today, the price center of gravity in the tablet alkali market has moved up in some areas, and after the price has been raised, the market has followed the rise, but most of them still hold a wait-and-see mentality, and the price has not followed the adjustment. After the partial price increase, the market trading atmosphere has weakened, the downstream purchasing enthusiasm is not good, the market wait-and-see mood increases.

Caustic soda futures analysis:Caustic soda SH2501 contract night and morning trading price concussion operation, afternoon prices showed a rise, the rebound is relatively obvious. As of today's close, SH2501 contracts fluctuated in the range of 2424-2495 throughout the day, with a price difference of 71 minus 01 contracts to reduce positions by 2338 hands, with 40680 positions so far.

Caustic soda index analysis:According to Tuduoduo data, China's caustic soda index rose 0.46, or 0.016%, to 2822.25 on Sept. 11, while China's caustic soda index rose.

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Future forecast of caustic soda:

Spot aspect:First of all, from the point of view of the supply side, at present, most caustic soda enterprises are operating normally, the production is relatively stable, the overall supply of goods is relatively sufficient, and the devices in some areas are still under maintenance, which has a certain support for the price. From the perspective of downstream demand, after entering Jinjiu for nearly half a month, although there is no substantial improvement in downstream demand at present, and the downstream mentality is relatively cautious, driven by the atmosphere of Jinjiu, downstream demand in some areas is expected to improve, and market trading may improve to some extent. From the point of view of mentality, some caustic soda enterprises still have a price-fighting mentality. It is expected that the short-term caustic soda market may continue to show regional adjustment.

In terms of futures:Caustic soda main SH2501 contract price hit a half-month low of 2424, rebounded in the afternoon. The departure of short positions on the disk is relatively obvious, showing the upward market of reducing positions, and the turnover of the market is 16.6% more than that of short positions, 17.3% more than that of short positions, and 17.8% more than that of 21.1% short positions. The technical level shows that the three tracks of the Bolin belt (13, 13, 2) show signs of narrowing, the KD line at the daily line level shows a dead fork trend, and the MACD line gold fork trend continues to narrow. Today's low fell below the lower track, but after the low point, the lower track formed a certain support to the futures price, and there was a certain rebound. In the short term, caustic soda SH2501 contract price or focus on the lower track support level.