< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Caustic soda: Spot prices are flexibly adjusted, the price adjustment mentality is slightly different, and the market is operating in shock

4,221
September 11, 2024, 9:03 AM


Analysis of caustic soda futures: On September 10, the opening price of the SH2501 contract was 2498, the highest price was 2509, the lowest price was 2440, the position was 43018, the settlement price was 2485, yesterday's settlement was 2528, and the decline was 43.

Market price of caustic soda:

Spot analysis of caustic soda: Today, China's caustic soda market fluctuates slightly, prices in some regions are flexibly adjusted, markets in most regions are operating stably, and the price range has not changed significantly. The mentality of markets in various regions is cautious, and manufacturers and traders are not enthusiastic about adjusting prices. Today, the liquid alkali market is mixed, with local price adjustments in different directions. Judging from the price adjustment of various regional markets, 32% ionic membrane alkali has individually increased by 20 yuan/ton, and individually dropped by 16-32 yuan/ton. The prices of other concentrations of alkali have almost remained stable, and there has been no significant adjustment in the price range. Early maintenance equipment has been restored in the northwest region, the supply of goods has increased, and the focus of local prices has shifted downward; prices in some regions in South China have increased slightly due to prices in major producing areas. However, the overall local market wait-and-see atmosphere is still strong, and the market trading atmosphere has not changed much. Markets in most other regions are operating stably, with little change in supply and demand, and no significant change in the price range. Upstream production companies individually adjusted their ex-factory quotations, and most of them stabilized prices and waited and saw. Today, the trend in most regions of the soda market is stable, and the price center of gravity has not shown significant fluctuations. Manufacturers have successively announced ex-factory quotations, and the pace of merchants 'shipments has slowed down slightly. Downstream demand has remained tepid, and the trading atmosphere in various regions has not changed much.

Analysis of caustic soda futures: The caustic soda SH2501 contract fluctuated throughout the day, and no big operable market appeared. It fluctuated downward in the afternoon. As of today's close, the SH2501 contract fluctuates throughout the day from 2498 to 2509, and the spread of 11,01 contracts has increased its position by 186 lots. As of now, 43018 lots have been held.

Caustic soda index analysis:According to calculations from Tu Duoduo's data, China's caustic soda index on September 10 was 2,821.79, up 2.13, or 0.076%. China's caustic soda index was raised.

image.png

Forecast for caustic soda market outlook:

In terms of spot:After entering Jinjiu, it is currently in the middle and early September, and the market has not seen any significant improvement. The market still lacks enough factors to support price increases. The early maintenance equipment on the supply side has gradually returned to normal production. There are no obvious maintenance equipment in the later period. The supply of goods has increased regionally. The overall supply side has no obvious support for the market, and the benefits existing in the early period have gradually been exhausted. On the demand side, the main downstream alumina companies just need to purchase, which has certain support for the caustic soda market. The demand from other downstream industries has increased slightly, and the overall demand side has been smaller and improved compared with the previous period. From the perspective of supply and demand, the overall change has not been significant, and the overall market trading atmosphere is still performing well. It is expected that the price of caustic soda may continue to adjust flexibly in the short term.

List of caustic soda positions:

image.png