Analysis of caustic soda futures: On November 29, the opening price of the SH2501 contract: 2623, the highest price: 2642, the lowest price: 2608, the position: 56805, the settlement price: 2623, yesterday's settlement: 2633, down: 10, the closing price: 2609, the daily trading volume: 52769 lots, the accumulated funds: 711 million, and the outflow of funds: 12.31 million.
Market price of caustic soda:
Spot analysis of caustic soda: Today, the overall caustic soda market in China maintains a trend of large stability and small movements. There are no obvious changes in market supply and demand. The supply and demand situation in the liquid caustic soda market is basically stable. Most prices are operating steadily. The price of flake caustic soda rises slightly, and most markets wait and see. Judging from the price adjustment of various regional markets, the price performance of liquid soda is relatively stable, and the price range of alkali at each concentration has not changed significantly. The transaction price of 99% of flake alkali has been individually increased by 50 yuan/ton. Today, the liquid soda market is moving steadily, and the market transaction situation is average. The operators are showing a wait-and-see attitude. The supply and demand situation in various regional markets is relatively stable. Most units are operating stably. The downstream alumina remains in demand. The enthusiasm for non-aluminum downstream receiving goods is not high. Most companies are not willing to adjust prices. The factory quotations are stable, and the mainstream transaction price range in various regional markets has also not seen significant fluctuations. Near the weekend, markets in various regions performed stably, enthusiasm for market entry operations was limited, and the market transaction atmosphere remained at the previous level. Some manufacturers of upstream production companies in Shandong have slightly lowered their ex-factory quotations, while the ex-factory quotations of manufacturers in other regions have not been significantly adjusted yet, and the price adjustment mentality is more cautious. Today, the alkali market trend is stable and rising, and the market trading atmosphere is average, maintaining a tepid trend. Some manufacturers reduced production of caustic soda units slightly, boosting the price increases of manufacturers, driving the mainstream transaction price range in the local market to move upwards. Most manufacturers 'quotations remained, there was no significant fluctuation in plant start-up, no significant changes in output, and the supply and demand situation was basically stable. The market transaction price range remained stable. The overall wait-and-see atmosphere in the market remained strong, and price adjustments were more cautious.
Analysis of caustic soda futures: The contract price of caustic soda SH2501 rose slightly and then fell back. The market fluctuated within a narrow range at night, showing an upward trend in the morning, and a slight downward trend in the late session after reaching the intraday high. In the afternoon, the market fluctuated downward, and a diving trend occurred in the late session and fell to the intraday low of 2608. As of today's afternoon close, the SH2501 contract fluctuated throughout the day from 2608 to 2642, with a price difference of 34.01 contracts reduced 828 lots, and so far, 56805 lots have been held.
Caustic soda index analysis:According to calculations from TDD-global data, China's caustic soda index on November 29 was 3280.07, an increase of 0%, and China's caustic soda index was stable.
Forecast for caustic soda market outlook:
In terms of spot:At present, the overall spot market lacks obvious factors to guide the market. The performance of both supply and demand is relatively stable, which is not enough to guide the direction of the market. Policies and news also lack stimulation in the face of the market. The overall regional markets may maintain a turbulent consolidation situation, paying attention to the monthly order price of alumina. The performance of the liquid soda market is relatively stable, lacking variable stimulation, and may continue to maintain a trend of regional flexible adjustment in the short term. The variables in the caustic soda market have increased relatively. Weather factors in the northwest region and the production reduction of individual devices may have certain support for the market. In addition, market trading conditions are relatively good. It is expected that there may still be room for slight increase in caustic soda prices in the short term.
Futures:After the futures price of the SH2501 contract, the main force of caustic soda, rose within the day, it gave up its gains in late afternoon and fell to an intraday low. Today, with the relatively strong sentiment of most commodities, caustic soda has emerged from the relatively weak market, and there is no obvious guidance on fundamentals and policies facing the market. As of the afternoon's close, the transaction situation was as follows: 16.1% more than 18.5% less than 18.5% less than 18.1% more than 18.1%. The technical level shows that the opening of the three tracks of the Bollinger Band (13, 13, and 2) has a downward trend, the two lines of the daily KD line intersect, the MACD line shows a dead fork trend, and the futures price continues to fluctuate on the middle track. At present, there is great upward pressure on futures prices and there is no obvious support below. Short-term futures prices may continue to fluctuate near the mid-track.
List of caustic soda positions:
