Analysis of caustic soda futures: On November 6, the opening price of the SH2501 contract: 2605, the highest price: 2623, the lowest price: 2565, the position: 67681, the settlement price: 2594, yesterday's settlement: 2583, the increase: 11, the closing price: 2585, the daily trading volume: 101228 lots, the deposited funds: 840 million, and the outflow of funds: 36.43 million.
Market price of caustic soda:
Spot analysis of caustic soda: Today, the trend of the caustic soda market in China is relatively stable. Market prices in most regions have not been significantly adjusted. Liquid caustic soda prices in some regions have been slightly adjusted. The overall caustic soda market maintains a tepid operation. Judging from the price adjustment of various regional markets, 50% of ionic membrane alkali fell by 20 yuan/ton, and the mainstream ex-factory price of 99% tablets was lowered by 150 yuan/ton. The market price range in most regions was temporarily stable; the price range of alkali with other concentrations remained almost stable. Stable. Today, the liquid soda market has stabilized and moved slightly, with a flat market trend. The trading atmosphere in various regions has remained at the early stage, and the market has a heavy wait-and-see attitude. The price of high-concentration alkali in Shandong, the main producing area, has been slightly lowered, and the market has adjusted flexibly; there has 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 remained at the previous level, and the price range has temporarily stabilized, with operators mainly waiting and watching the market. Upstream production companies in Shandong Province have adjusted their quotations, but there are differences in the direction of price adjustment. Some manufacturers have raised their ex-factory quotations by 20-40 yuan/ton, and some have lowered their ex-factory quotations by 20 yuan/ton. Manufacturers in other regions have stabilized their prices and waited and adjusted their prices. Be cautious. Today, the caustic soda market is mostly operating steadily, and the market has not seen significant fluctuations. Some manufacturers in the northwest region have announced ex-factory quotations, but the ex-factory quotations have been lowered. The market mentality has been frustrated, and markets in various regions have performed cautiously. Non-aluminum downstream procurement enthusiasm is not high, and most industry operators have an empty mentality.
Analysis of caustic soda futures: The futures price of caustic soda SH2501 contract fluctuated downward. The night session went up slightly to the intraday high and then fell back and fluctuated. During the day, the overall trend showed a turbulent downward trend. As of today's afternoon close, the SH2501 contract fluctuates throughout the day from 2,565 to 2,623, the price difference of 58,01 contracts has been reduced by 2448 lots, and so far, 67681 lots have been held.
Caustic soda index analysis:According to calculations from TDD-global data, China's caustic soda index on November 6 was 3353.31, down 18.35, or 0.544%. China's caustic soda index fell.
Forecast for caustic soda market outlook:
In terms of spot:In the liquid soda market, the market has not been good in the near future, and the overall trend has remained tepid. The maintenance of individual devices still supports local prices, but most devices are operating stably and have not significantly boosted prices. The benefits on the supply side are gradually exhausted. From the downstream perspective, alumina just needs support, and the high profits of alumina companies also provide certain support for liquid soda prices. However, non-aluminum downstream demand is not good. At present, with the increase in supply, The delivery volume of chlor-alkali companies to downstream has also shown an increasing trend, which has a certain negative impact on prices. It is expected that liquid soda prices may be flexibly adjusted in the short term, and there are expectations for a decline in the later period. In the alkali market, the market is currently showing a certain weakness. The downward revision of factory quotations has dealt a certain blow to the market mentality. The overall market trading atmosphere has weakened. Traders 'bearish mentality towards the future outlook has increased. The market mentality in various regions is relatively cautious, and the transaction price has not yet been significantly adjusted. It is expected that the mentality of the alkali market will be short in the short term, and the enthusiasm of operators to enter the market will be weakened.
Futures:The SH2501 contract, the main force of caustic soda, reduced its position on the market and went downward. Both long and short parties showed a certain behavior of closing positions and leaving the market. In particular, the long and short parties left the market relatively obvious. As of the afternoon's closing market, the transaction situation was as follows: 16.8% more open than 17% less open., flat 19.8% lower than flat 22.2%. The technical level shows that the opening of the third track of the Bollinger Band (13, 13, and 2) is downward but slightly narrowed, and the daily KD line and MACD line are all dead. Overall, in today's weak market for most commodities, the weakness of caustic soda market is not obvious. The futures price closed at the negative cross star throughout the day. Currently, there is no obvious guidance on the policy side and the news side. The short-term caustic soda market or sideways market is organized and operated, waiting for new direction guidance.
List of caustic soda positions:
