Caustic soda: Spot prices rose slightly regionally, with futures prices rising 0.69% within the day

Analysis of caustic soda futures: On November 15, the opening price of the SH2501 contract: 2610, the highest price: 2648, the lowest price: 2578, the position: 56579, the settlement price: 2617, yesterday's settlement: 2604, the increase: 13, the closing price: 2622, the daily trading volume: 139785 lots, the deposited capital: 712 million, and the capital outflow: 30.53 million.

Market price of caustic soda:

Spot analysis of caustic soda: Today, the trend of the caustic soda market in China is differentiated, with different price adjustments. A few liquid caustic soda prices have increased slightly, while some have been lowered, and the center of gravity of transaction prices in the caustic soda market has partially shifted downward. Near the weekend, markets in various regions have a heavy wait-and-see attitude, the overall market trend is relatively stable, and a few regions flexibly adjust prices. Judging from the price adjustment of various regional markets, 32% of ionic membrane alkali fell by 100 yuan/ton, partially increased by 10 yuan/ton, 50% ionic membrane alkali increased by 10 yuan/ton, and 99% of flake alkali factory quoted in Northwest China Mainstream manufacturers lowered their prices 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, a few regions in the liquid soda market are moving slightly upwards, with prices rising slightly. The markets in most regions are operating stably and their mentality is relatively cautious. First of all, the main producing areas were not affected by the inventory pressure of individual companies. Manufacturers 'quotations were slightly increased, and the center of gravity of transaction prices in the local market followed suit. The small increase in the prices of individual high-concentration alkali was mainly boosted by exports; while manufacturers' quotations in some regions were also lowered. Price performance in the region was mixed. The downstream alumina receiving situation in some regions is relatively general, and the shipping pressure on companies has increased. Therefore, the shipping price has been lowered to promote transactions. 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. A small number of upstream production companies in Shandong have adjusted their quotations, but there are differences in the direction of price adjustment, with the upper and lower adjustment range ranging from 10 to 50 yuan/ton; the ex-factory quotations of manufacturers in other regions have not been significantly adjusted yet, and manufacturers are more cautious in price adjustment. Today, the alkali market is still showing a weak trend. The market trading atmosphere is weak. Traders are not enthusiastic about entering the market. Transaction prices in some regional markets continue to decline. Most markets have a relatively cautious attitude in price adjustment, and the actual market transaction price is slightly lower than the manufacturer's price.

Analysis of caustic soda futures: The futures price of the caustic soda SH2501 contract fluctuated within a narrow range at night; it rose slightly at the opening of the morning and then fluctuated downward. It rebounded after reaching an intraday low, and then fell slightly. In the afternoon, the market continued to fall and rose slightly at the end. As of today's afternoon close, the SH2501 contract fluctuates throughout the day from 2578 to 2648, and the price difference of 70.01 contracts has been reduced by 3224 lots. As of now, 56579 lots have been held.

Caustic soda index analysis:According to calculations from TDD-global data, China's caustic soda index on November 15 was 3312.94, down 1.13, or 0.034%. China's caustic soda index fell.

Forecast for caustic soda market outlook:  

In terms of spot:The overall liquid soda market has been adjusted slightly regionally. Most markets are mainly organized horizontally. Some regions are supported by the increase in manufacturers 'quotations. The center of gravity of local transaction prices has shifted slightly, and most markets have performed relatively stable. Most units on the supply side are operating stably and have no obvious support for prices. Some units have maintenance plans or support a small increase in prices; downstream demand remains stable. It is expected that the short-term liquid soda market may continue to be mainly adjusted regionally and flexibly. The overall market atmosphere in the soda market is currently weak, and the trading atmosphere in various regional markets has mostly maintained its previous level. The market performance is relatively cautious near the weekend. Under the weak market, merchants are not enthusiastic about entering the market. It is expected that the soda market may remain weak in the short term.

Futures:The high price of SH2501 contract, the main force of caustic soda, has risen. The long market left the market relatively obvious, and the overall trend showed a trend of reducing positions. As of the afternoon's close trading situation, there were 19.5% more open than 17.8% less open, and 19.7% less open than 22.8% more open. The technical level shows that the three-track opening of the Bollinger Band (13, 13, 2) continues to be flat, and the KD line at the daily level shows a dead fork, but the two lines tend to intersect, and the MACD line shows a dead fork trend. With today's weak Wenhua Commodity Index, the caustic soda market has emerged from a relatively good rise and is among the top three in the leading list. Related commodity alumina market has led the rise in the chemical sector. The futures price closed at the positive cross star throughout the day, and continued to focus on the performance near the mid-track in the short term.

List of caustic soda positions: