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Caustic soda: The spot market is running smoothly, and the low range is repeatedly tested on the market

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September 13, 2024, 4:16 PM


Analysis of caustic soda futures:SH2501 contract opening price: 2459, highest price: 2459, lowest price: 2419, position: 41092, settlement price: 2439, yesterday settlement: 2456, down: 17, closing price: 2423, daily trading volume: 117903 lots, precipitated capital: 478 million, capital inflow: 930000.

Market price of caustic soda:

Spot analysis of caustic soda:Today, the trend of China's caustic soda market is stable, the regional price range has not been significantly adjusted, and the attitude of operators is cautious. Market trading atmosphere to maintain the previous level, adequate supply downstream demand lukewarm, supply and demand for the time being there is no obvious guidance. Today, the fluctuation of the liquid alkali market is not obvious, and the trading atmosphere of the market has not changed significantly for the time being. from the point of view of the price adjustment in various regions, the prices of 32% ionic membrane alkali and 50% ionic membrane alkali are almost stable, and the price range has not been significantly adjusted. The overall supply of goods in the market shows an increasing trend, the performance of the supply side is sufficient, there is no substantial improvement in downstream demand, more rigid demand procurement, insufficient guidance of both supply and demand in the market, and lack of power for price adjustment. Most of the upstream production enterprises wait and see to stabilize the price, and the manufacturers' price adjustment mentality is more cautious. Today, the wait-and-see mood in the tablet alkali market does not decrease, the actual transaction price in some markets is slightly lower than the ex-factory quotation, and the terminal wait-and-see mood only increases, and the overall market mentality is weak. The purchasing enthusiasm of downstream enterprises is poor as a whole, and the enthusiasm of operators to enter the market is not high.

Caustic soda futures analysis:Caustic soda SH2501 contract showed a fluctuating trend throughout the day, and the market fluctuated slightly after the opening of the night market. As of today's close, SH2501 contracts fluctuated in a range of 2419-2459 throughout the day, with a price difference of 40 mins and a position increase of 746 lots, with 41092 positions so far.

Caustic soda index analysis:According to Tuduoduo data, China's caustic soda index was 2822.25 on September 13, up 0%, or 0%. China's caustic soda index is stable.

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Future forecast of caustic soda:

Spot aspect:At present, in the spot market, both supply and demand have no obvious guidance to the market, the recovery of downstream demand is not as expected, the support of raw salt at the cost side is also relatively stable, and the fundamentals are lack of power as a whole. And near the Mid-Autumn Festival short holiday, the downstream stock basically ends, the market trading atmosphere further weakens, the downstream wait-and-see mood continues to increase, the enthusiasm of operators to participate in the market operation is not high or even tends to be depressed, the overall market mentality is cautious.

In terms of futures:Caustic soda main SH2501 contract price repeatedly tested the low range, the short-term price weakness is obvious. It is relatively obvious for short sellers to enter the market today, but near the end of the day, there is a certain behavior of reducing positions and taking the initiative to leave the market, and the operation of long participants is relatively less, and the trading situation of the disk: 14.2% more than 22.3% short, 20.4% empty and 16.5% more flat. The technical level shows that the Bollinger belt (13, 13, 2) three rails diverge, the daily KD line shows a dead fork trend and expands, and the MACD line also turns to a dead fork trend. at present, the overall futures price is running between the middle and lower rails, repeatedly testing the lower rail support level, and the disk oscillates in the low level. In the short term, caustic soda SH2501 contract prices continue or focus on the lower track support level.

Caustic soda holds the list:

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