Analysis of caustic soda futures: On November 1, the opening price of the SH2501 contract: 2731, the highest price: 2742, the lowest price: 2687, the position: 80517, the settlement price: 2713, yesterday's settlement: 2696, up: 17, the closing price: 2701, the daily trading volume: 155332 lots, the deposited funds: 1.044 billion, and the outflow of funds: 77.71 million.
Market price of caustic soda:
Spot analysis of caustic soda: Today, China's caustic soda market has undergone a slight regional adjustment. Markets in most regions are operating stably. Liquid caustic soda prices have shown a slight upward trend. The flake caustic soda market is operating steadily and no significant price adjustment has been observed. Judging from the price adjustment of various regional markets, 32% ionic membrane alkali has increased by 25-100 yuan/ton, 50% ionic membrane alkali has dropped by 20-30 yuan/ton, and the market price range of 99% flake alkali in most regions has temporarily remained stable; the price range of alkali with other concentrations has remained almost stable. Prices in some areas of the liquid soda market were adjusted today. Prices of low-concentration soda were mixed, and prices of high-concentration soda fell in some areas. The market transaction atmosphere was general. First of all, some areas in North China were affected by poor downstream receiving conditions, coupled with the recovery of early maintenance equipment, the shipping pressure on companies increased, and prices were mainly reduced slightly. Some regions in Central China were supported by the increase in local alumina purchase prices in November, driving local prices to rise. The downstream receiving situation in some regions in South China is still good, and the local supply side is relatively tight, so transaction prices have increased slightly. In most other regions, there have been no significant changes in both supply and demand sides. The downstream receiving situation is average. The market trading atmosphere has mostly remained at the previous level. Therefore, the price range has not been significantly adjusted for the time being. Most operators are mainly cautious and wait and see the market. A few upstream production companies have adjusted their ex-factory quotations, and most manufacturers have stabilized prices and waited and saw, and have a cautious attitude in price adjustment. Today, the caustic soda market is operating relatively stable, manufacturers 'quotations remain, the focus of market transaction prices has not been significantly adjusted, and the market transaction situation has been tepid. As the weekend approaches, the market mentality is relatively cautious, and industry operators are generally enthusiastic about entering the house, and they are mainly watching and watching the market as a whole.
Analysis of caustic soda futures: The night price of the caustic soda SH2501 contract fell, and the overall market fluctuated slightly during the day. No major operable market appeared throughout the day. As of today's afternoon close, the SH2501 contract fluctuated throughout the day from 2687 to 2742, with a price difference of 55.01 contracts reduced by 5169 lots, and so far, 80517 lots have been held.
Caustic soda index analysis:According to calculations from TDD-global data, China's caustic soda index on November 1 was 3351.93, down 0.43, or 0.013%. China's caustic soda index fell.
Forecast for caustic soda market outlook:
In terms of spot:In the liquid soda market, the prices of liquid soda purchased by alumina companies in Shanxi and Henan increased significantly in November, ranging from 550 to 600 yuan/ton, which boosted prices to a certain extent. From the supply side, most liquid caustic soda units are currently operating stably, and there are expectations for an increase on the supply side. From the perspective of downstream demand, the main downstream alumina purchase still supports the caustic soda market, but its capacity utilization rate has declined, and the units have centralized maintenance. In the case of the situation, the need for downstream procurement may be reduced in the later period, and the enthusiasm for non-aluminum downstream procurement is relatively poor. Overall, it is expected that short-term liquid soda prices may show differentiated adjustments. In the caustic soda market, the early maintenance devices of caustic soda manufacturers have been restored. Most of the caustic soda units are operating normally. The manufacturers 'quotations are relatively firm, but the demand side performance is weak, the market performance is slightly weak, and the market transaction atmosphere has weakened. It is expected that the short-term alkali market will be dominated by cautious wait-and-see market, and the price adjustment mentality will be relatively cautious.
Futures:The futures price of the SH2501 contract, the main force of caustic soda, fluctuated. The market is reducing positions. As the weekend approaches, more players appear, and the long positions are particularly obvious. As of the afternoon's close, the trading situation of the market is as follows: 19.2% more than 17% less than 17% less than 19.6% less than 25.5%. The technical level shows that the three-track opening of the Bollinger Band (13, 13, and 2) continues to narrow, the daily KD line shows a golden cross trend, and the MACD line also shows a golden cross trend. The futures price moves above the middle rail. The short-term caustic soda market may continue to show a turbulent consolidation trend. At present, the three tracks of the Bollinger Band continue to narrow significantly, and the short-term caustic soda panel may continue to organize and operate between the middle and upper tracks.
