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Caustic soda: Spot market prices are mixed, and futures prices continue to break through the track and move upwards

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August 20, 2024, 4:28 PM


Analysis of caustic soda futures:SH2409 contract opening price: 2513, highest price: 2539, lowest price: 2497, position: 20625, settlement price: 2517, yesterday settlement price: 2495, up: 22, closing price: 2521, daily trading volume: 72082 lots, precipitated capital: 250 million, capital outflow: 26.82 million.

Market price of caustic soda:

Spot analysis of caustic soda:Today, the domestic caustic soda market continues to show a trend of regional small fluctuations, the mentality of price adjustment is slightly different, the market transaction situation has not changed much, the previous lukewarm situation is maintained, and the shipments of manufacturers and traders are general. Most operators continue to wait and see. Today, the trend of the liquid alkali market is slightly different, and prices in a few areas are adjusted flexibly up and down. From the point of view of the price adjustment in various regions, 32% of the ionic membrane alkali has risen 20-30 yuan / ton, and 50% of the ionic membrane alkali has dropped 10-40 yuan / ton. The prices of other concentrations of alkali have almost remained stable, and the price range has not been significantly adjusted. The inventory pressure of some enterprises in the main producing area of Shandong has been slightly reduced, and prices have risen slightly; there are enterprise devices in some areas that have reduced their negativity, supporting a slight increase in transaction prices in the local market; and the price of high concentration alkali continues to decline, mainly due to the resumption of production of high concentration alkali plants, and the supply of goods has increased. The operation of the market in most other regions is stable, the price range has not changed significantly for the time being, demand still does not see a substantial improvement, and most downstream maintain the pace of rigid demand procurement. Most of the upstream production enterprises wait and see to stabilize prices, and some manufacturers adjust their quotations. Today, the tablet alkali market continues to maintain a stable trend, the price center of transaction in each regional market maintains the early stage, the new unit prices of most manufacturers in Northwest China have not yet been announced, the attitude of operators is cautious, and the market trading atmosphere is weak.

Caustic soda futures analysis:The night trading of caustic soda SH2409 contract fluctuated slightly, the price fluctuated upwards in the morning and fell slightly after rising, and continued to run in the afternoon. As of today's close, SH2409 contracts fluctuated in the range of 2497-2539 throughout the day, with a price difference of 42 minus 09 contracts with a reduction of 2381 positions and 20625 positions so far.

Caustic soda index analysis:According to Tu Duoduo data, on August 20, the domestic caustic soda index was 2733.08, down 0.85, or 0.031%, and the domestic caustic soda index fell.

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Future forecast of caustic soda:

Spot aspect:At present, the spot market is in the stage of consolidation, with regional differential operation on both sides of supply and demand, and flexible adjustment of prices in some areas. The liquid alkali market is up and down at present. Recently, the start-up load of chlor-alkali units in some areas is dissatisfied, which may provide some support to the local market, while the operation of most enterprise installations is stable, the overall performance of the supply side is sufficient, and there is no obvious favorable support for the market for the time being; downstream demand is still not substantially improved, most downstream demand is stable, maintaining the pace of rigid demand procurement. Affected by the poor profit situation of chlor-alkali enterprises, enterprises have a pro-price mentality, it is expected that the short-term liquid alkali market mentality is still more cautious, the price is flexible. The supply and demand of the tablet alkali market does not change much in the short term, the market trading atmosphere is weak, some merchants have a certain shipping pressure, it is expected that the short-term tablet alkali market operation may still be more cautious, do not rule out the decline in prices in some areas.

In terms of futures:Caustic soda main contract SH2409 contract high again refresh, futures prices continue to break the track upward, the market continued to reduce positions, today's long and short both sides are not active, both take the initiative to leave the market, the market transaction situation: more than 16.4% versus 18.2%, 19.4% vs. 17.3%. The technical level shows that the Bollinger belt (13, 13, 2) three tracks continue to diverge, the daily KD line and MACD line all show a golden fork trend, and the trend continues to expand, today's futures continue to break the track upward, futures prices show a positive cross throughout the day, the up and down trend is not clear, short-term continue to pay attention to the upper pressure.

Caustic soda holds the list:

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