Analysis of caustic soda futures: On November 13, the opening price of the SH2501 contract: 2635, the highest price: 2646, the lowest price: 2601, the position: 60870, the settlement price: 2617, yesterday's settlement: 2631, the decline: 14, the closing price: 2615, the daily trading volume: 91033 lots, the accumulated funds: 764 million, and the outflow of funds: 24.95 million.
Market price of caustic soda:
Spot analysis of caustic soda: Today, most of the caustic soda market in China maintained a stable trend, prices in a few regions fell, and the liquid caustic soda market fell sporadically. Most of the prices were stable. The prices of new orders from various caustic soda manufacturers were announced one after another, mostly due to significant reductions. The center of gravity of transaction prices in some regions followed suit and the market performance was weak. Judging from the price adjustment of various regional markets, 32% of ionic membrane alkali fell by 16 yuan/ton, 99% of the factory price of flake alkali was lowered by 250 yuan/ton, and market transaction prices in some regions also moved downward; the price range of alkali with other concentrations remained almost stable. Today, the liquid soda market has stabilized and moved slightly. Prices in some regions have dropped slightly. Most markets have maintained a stable operation, and operators are more cautious in adjusting prices. Affected by the reduction in the price of flake soda, coupled with the poor downstream procurement situation, the northwest region has a general shipment situation, and local liquid soda prices have also been mainly lowered. There have been no significant changes in both supply and demand sides in most other regions, and no local variables have appeared that clearly guide the direction of the market. The market transaction atmosphere has mostly maintained its previous level, and the price range has temporarily shown a stable trend. Most operators have mainly waited and watched the market. Upstream production enterprises, manufacturers in Shandong, have slightly increased their ex-factory quotations; manufacturers in other regions have not seen significant adjustments yet, and manufacturers are more cautious in price adjustment. Today, the alkali market continues to maintain a weak operation, and the market transaction atmosphere is weak. Most of the factory quotations of mainstream manufacturers in the northwest region have been significantly lowered, which has affected the confidence of traders in various regions. The shipping prices of most merchants have also been mainly lowered, and the overall market mentality is weak. After the manufacturer's quotation was lowered, traders 'enthusiasm for entering the market continued to weaken, and the actual market transaction price was slightly lower than the factory quotation.
Analysis of caustic soda futures: The contract price of caustic soda SH2501 fluctuated after going downward. Night futures prices showed a downward trend, late trading fluctuated downward and intraday lows, and daytime futures prices fluctuated widely, and no big opportunity for operable markets appeared. As of today's afternoon close, the SH2501 contract fluctuated throughout the day from 2601 to 2646, with a price difference of 45.01 contracts reduced by 1204 lots, and so far, 60870 lots have been held.
Caustic soda index analysis:According to calculations from TDD-global data, China's caustic soda index on November 13 was 3306.63, down 32.12, or 0.962%. China's caustic soda index fell.
Forecast for caustic soda market outlook:
In terms of spot:At present, most areas in the caustic soda market are lacking, and the liquid caustic soda and flake caustic soda markets are operating in a weak situation. The reduction in the supply of equipment maintenance in some areas of the liquid soda market has provided certain support for local prices, but it is only limited to the fact that the quotations are relatively firm, and there has been no significant increase in prices after a small increase. In most other regions, the supply and demand sides have not changed much, and most regional markets lack obvious variable incentives, and it is expected that the liquid soda market may continue to operate in a regional and flexible manner in the short term. This week, the price of new orders from manufacturers in the northwest region has been sharply lowered, frustrating traders 'confidence in quotations and exacerbating the sentiment of industry players about bearish market outlook. The enthusiasm of industry players to enter the market has weakened. Currently, the actual transaction prices in some markets are slightly lower than the factory quotations. The positive factors of some manufacturers' low inventories and low transportation efficiency have gradually been ignored by the weak market. It is expected that the short-term market for the alkali market may continue to operate weakly.
Futures:The futures price of the SH2501 contract, the main force of caustic soda, fluctuated after going downward, and the market was lightened, but the activity in the market was weak. As of the afternoon's close, the trading situation of the market was as follows: 16.3% more than 19.2% less than 19.2% less than 19.2%, and 19.9% less than 19.4%. The technical level shows that the opening of the three tracks of the Bollinger Band (13, 13, and 2) continues to be flat, but the lower track shows signs of narrowing slightly upward. The two lines of the daily KD line continue to cross and twist, and the closing shows an insignificant dead fork trend., the dead fork trend of the MACD line has expanded. Futures prices closed at the negative cross star throughout the day, and today's high fell back to below the mid-track. Fundamentals have not had significant stimulus to the market in the near future, and short-term futures prices may continue to fluctuate on the mid-track.
List of caustic soda positions:
