Analysis of caustic soda futures: On November 4, the opening price of the SH2501 contract: 2671, the highest price: 2687, the lowest price: 2572, the position: 73918, the settlement price: 2616, yesterday's settlement: 2713, the decline: 97, the closing price: 2594, the daily trading volume: 202211 lots, the deposited funds: 920 million, and the outflow of funds: 124 million.
Market price of caustic soda:
Spot analysis of caustic soda: Today, the trend of the caustic soda market in China has shown differences. Most liquid caustic soda prices have remained stable, and some have mixed ups and downs. There are certain differences in the price adjustment mentality of the industry; the factory price of caustic soda in Shandong has been lowered, and prices in other regions have not changed significantly yet. Judging from the price adjustment of various regional markets, 32% of ionic membrane alkali individually increased by 32 yuan/ton, some fell by 20 yuan/ton, 50% ionic membrane alkali individually fell by 10 yuan/ton, and 99% of sheet alkali in Shandong was lowered. 50 yuan/ton, the price of new orders in the northwest region has not yet been released, and the market price range in most regions has temporarily stabilized; the price range of alkali with other concentrations has almost remained stable. Today, the price of liquid alkali market has stabilized and moved slightly. The market transaction atmosphere has differences among regions. Prices in a few regions have adjusted up and down a narrow range. Prices of low-concentration alkali have fluctuated, and prices of high-concentration alkali have dropped slightly. Markets in most regions have a strong wait-and-see attitude. First of all, prices in the northwest region have increased slightly. The shipment performance of local manufacturers is still good. There is not much pressure on manufacturers 'inventory. In addition, the price of flake alkali is relatively strong, which also has a certain boost to the price of liquid alkali. Although mainstream transaction prices in Shandong, the main producing area, fell slightly, local transaction prices have risen and fallen. The load of some downstream enterprises has slightly increased, supporting a slight increase in prices. Some enterprises with high-priced sources of goods and poor shipments have mainly lowered their shipping prices. There have been no significant changes in both supply and demand sides in most other regions, and there have been no obvious factors guiding the direction of the market in the local area. The market transaction atmosphere has mostly maintained its previous level, and the price range has temporarily shown a stable trend. Most operators are mainly watching and watching the market. Most of the upstream production companies in Shandong have lowered their ex-factory quotations by 10-60 yuan/ton, and a few have increased them by 20-60 yuan/ton. Manufacturers in other regions have stabilized prices and are more cautious in price adjustment. Today, the alkali market fell individually, and most regions remained stable. At the beginning of the week, the ex-factory price of flake alkali in Shandong was lowered by 50 yuan/ton to 3800 yuan/ton, and most manufacturers in the northwest region have not yet made new prices. Most manufacturers 'equipment is operating normally, and some still have maintenance conditions. The downstream non-aluminum industry has a general receiving situation. At the beginning of the week, the market has a heavy wait-and-see attitude, and there has been no significant adjustment in market transaction prices in various regions.
Analysis of caustic soda futures: The contract price of caustic soda SH2501 fluctuated after going downward. At night, the market fluctuated downward, and then the overall operation fluctuated during the day. There were no major operational market opportunities throughout the day. As of today's afternoon close, the SH2501 contract fluctuates throughout the day from 2,572 to 2,687, with a spread of 115.01 contracts reducing 6599 lots, and so far, 73918 lots have been held.
Caustic soda index analysis:According to calculations from TDD-global data, China's caustic soda index on November 4 was 3362.66, up 10.74, or 0.32%. China's caustic soda index rose.
Forecast for caustic soda market outlook:
In terms of spot:In the liquid soda market, most liquid soda units are currently operating stably, and the pre-maintenance units have gradually returned to normal, and the supply of goods on the market has increased. Judging from the downstream situation, the main downstream alumina companies just need to purchase and still support the price of liquid soda, rather than the downstream performance of non-aluminum is poor; There have been recent overhauls of installations in some regions, which has a small boost to prices. The local market may have a slight upward trend, while the markets in most regions continue to maintain a stable trend. There is a lack of factors in the market to guide the price direction. Short-term liquid soda market prices or small regional adjustments. In the caustic soda market, judging from the situation of manufacturers, most manufacturers 'equipment is operating normally, and a few are still under maintenance. The pressure on manufacturers' inventory is not great, and there is no significant relief in superimposed transportation. There is still some resistance to transportation in some areas of the main producing areas. Overall, the supply side still has some support for prices; However, the market is currently relatively cautious and has a heavy wait-and-see attitude. Under the current situation of high-priced goods on the market, non-aluminum downstream suppliers are not enthusiastic about receiving goods, which has exerted a certain suppression on traders 'shipment prices. Judging from the current situation, the industry is not willing to adjust prices. High, the overall market sentiment is relatively cautious. It is expected that the short-term soda price may remain stable, waiting for the announcement of new order prices in the northwest region.
Futures:The SH2501 contract, the main force of caustic soda, fell sharply. During the day when its commodities were relatively strong, caustic soda did not show a rise. Instead, it led the decline in the chemical sector, with a drop of more than 4% within the day. It is more obvious that both sides have closed their positions and left the market. As of the afternoon's close trading situation, there are 18% more open than 19.5% less open, and 23.1% less open than 24.6% more open. The technical level shows that the three-track opening of the Bollinger Band (13, 13, and 2) tends to expand, the daily KD line shows a dead fork trend, and the dead fork trend of the MACD line expands. The intraday futures price fell below the middle rail and spent most of the time running below the middle rail, with the low point approaching the lower rail. At present, there is a certain bearish sentiment on the market, and whether it is from a technical perspective or a fundamental perspective, the guidance for the market tends to be bearish. Looking at futures prices in the short term, we may focus on the performance between the middle and lower rails.
List of caustic soda positions:
