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Caustic soda: The "Golden Ninth" is difficult to start. After opening the door and rising slightly, it will be lukewarm. Can the market break through the current situation after the holiday?

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September 18, 2024, 10:22 AM


The "Golden Nine" has already passed halfway, and the current time node is approaching the middle of the day. although the caustic soda market showed a small rise in early September, there was insufficient guiding power in the market. After a small rise, prices showed a lukewarm market close to mid-September as a whole, with sporadic price adjustments. After entering Jinjiu, the caustic soda market has not been well presented. According to Tuduoduo data, as of Sept. 14, China's caustic soda spot index was 2831.15, up 66.42%, or 2.4%, compared with the beginning of the month.

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From the point of view of the liquid alkali market, in September, the price of liquid alkali rose slightly after the trend was slightly divided. At the beginning of the month, the market catered to Jinjiu, the price showed a rising trend, and local prices rose. First of all, the inventory pressure of enterprises in some areas was not great, and the situation of enterprise shipments was OK, with a slight increase in prices; the rise in high concentration alkali prices was mainly due to an increase in downstream procurement volume; alumina enterprises in Guangxi rose in September, supporting the trading price center of gravity in the South China market to move up slightly; the market operation in other regions was relatively stable. With the change of market supply and demand, the supply of liquid alkali increased while the downstream demand recovered less than expected, local prices began to decline slightly to promote shipments, while most regional markets were cautious and the price range did not change much.

From the point of view of the tablet alkali market, the mainstream factory quotations in Shandong have risen twice in a row in September. At the beginning of September, the factory price rose 50 yuan / ton to 3100 yuan / ton, and then the price rose again to 50 yuan / ton to 3150 yuan / ton in the second week. The mainstream factory quotations in Inner Mongolia rose for two consecutive weeks, rising from 2700 yuan / ton at the beginning of the month to 2800 yuan / ton before the Mid-Autumn Festival. The mainstream ex-factory quotation in Xinjiang is 2450-2550 yuan / ton, and the ex-factory quotation has not been significantly adjusted. The increase in tablet alkali prices in Shandong and Inner Mongolia also led to a certain upward trend in local market transaction prices. after the first rise, the market performance was relatively positive at the beginning of the month, and the enthusiasm of traders to enter the market was OK. The maintenance of individual devices on the supply side has a certain support for the market. With the price rising again, coupled with the gradual completion of the previous order delivery, the maintenance equipment has also been restored, the supply of goods has increased, the wait-and-see mood in the regional market has become stronger, the industry participation has gradually declined, and the market trading atmosphere has obviously weakened. Before the festival to see the tablet alkali market is not obviously good to guide the market trend.

Future forecast:Judging from the current market situation, the current caustic soda market is not obvious, prices in various regions are adjusted flexibly, and the market or the whole market is more likely to be stable during the holiday period. From the point of view of the post-holiday market, first of all, on the supply side, most caustic soda devices operate normally and produce smoothly, the supply of goods on the market is sufficient, in addition, the transportation of dangerous chemicals is limited during the holiday period, and the market participation of upstream and downstream operators is not high. Downstream procurement will be reduced correspondingly, and the upstream production enterprises or deposit a certain accumulation phenomenon after the festival, which will be bad for the post-holiday market. Downstream situation, the main downstream alumina industry prices continue to rise recently, the industry profits are still considerable, short-term procurement of caustic soda prices may not appear obvious price reduction action, to a certain extent, this is also good for the caustic soda market Viscose staple fiber, printing and dyeing industry, its demand recovery is not as expected, there is no obvious good for the caustic soda market, and when it comes back after the festival, it does not rule out the situation of replenishment downstream, and the shipments of some enterprises may be improved to a certain extent, which has a certain support to the price. On the whole, it is expected that the post-holiday caustic soda market may continue to be subject to regional flexible adjustment, and it is necessary to continue to pay attention to the recovery of demand.