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Caustic soda: The price of new orders in Northwest China has been raised, and the market activity is high on the first day after the holiday

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October 8, 2024, 5:41 PM


Analysis of caustic soda futures:SH2501 contract opening price: 2578, highest price: 2578, lowest price: 2482, position: 34206, settlement price: 2525, yesterday settlement price: 2516, up: 9, closing price: 2495, daily trading volume: 100149 lots, precipitated capital: 512 million, capital inflow: 30.44 million.

Market price of caustic soda:

Spot analysis of caustic soda:Today, China's caustic soda market shows differential operation, the price of low concentration caustic soda in the liquid caustic soda market has risen slightly, the price center of gravity of high concentration caustic soda has moved down, and there are certain differences in the price adjustment mentality in the market. Some manufacturers in the northwest region have announced new price increases, most manufacturers have not yet made new prices, and most of the market mentality is still more cautious. Today, the prices of liquid alkali are mixed, and the market trend is divergent. From the point of view of the price adjustment in various regions, 32% of the ionic membrane alkali rose 5-50 yuan / ton, 50% of the ionic membrane alkali fell 40-60 yuan / ton, and the prices of other concentrations of alkali almost remained stable. The price range has not been significantly adjusted. In some areas, the maintenance of the equipment has not yet been restored and the starting load is not satisfied, supporting prices have risen slightly, and the price of liquid alkali purchased by alumina enterprises in Henan Province in October has also given a certain boost to the market. The pressure of high concentration alkali delivery is greater, the supply of goods on the market increases, and the market transaction price center of gravity moves down mainly. There is no obvious change on both sides of supply and demand in other areas, and the market trading atmosphere mostly maintains the previous level, and the price adjustment is lack of motivation. Most of the upstream production enterprises wait and see to stabilize the price, the mentality of price adjustment is more cautious, and a few manufacturers adjust their quotations slightly. Today, the tablet alkali market rose slightly, most of the new order prices in the northwest region have not yet made a new price, and a few manufacturers have announced an upward adjustment, which has given a certain boost to the local market, and the wait-and-see mentality of most markets is still heavy. With the return of the holiday, the transportation of goods gradually resumed.

Caustic soda futures analysis:Caustic soda SH2501 contract opened and the highest price of the day, and then the market showed a downward trend, although the price rebounded after the dive in the afternoon, but the momentum was insufficient, and it fell again in late trading. As of today's close, SH2501 contracts fluctuated in the range of 2482-2578 throughout the day, with a price difference of 96 and a position of 2516 hands, with a position of 34206 hands so far.

Caustic soda index analysis:According to Tuduoduo data, China's caustic soda index rose 2.09%, or 0.073%, to 2867.12 on October 8, while China's caustic soda index rose.

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Future forecast of caustic soda:

Spot aspect:First of all, on the supply side, there are maintenance plans for caustic soda enterprises in some areas after the festival, coupled with the fact that the early maintenance devices in some areas have not yet been restored, and some of them are dissatisfied with the start-up load, which is beneficial to the market. From the downstream point of view, the main downstream alumina prices are still high, and corporate profits are still not considerable, coupled with the increase in the purchase liquid alkali prices of alumina enterprises in Shanxi, Henan and Guangxi in October, which has a certain boost to caustic soda prices; the start-up of non-aluminum downstream has changed little for the time being, and there is a significant increase in the difficulty of caustic soda procurement. On the whole, it is expected that the short-term caustic soda market may be relatively strong, and the price may be increased flexibly.

In terms of futures:Caustic soda main SH2501 contract refreshed since early September high, but opened and the highest price of the day, and then showed a downward trend throughout the day, the disk high continues to break the track upward, but the upward pressure is greater, suppressed by bears, intraday short entry is more obvious, disk turnover: 19.6% more than short opening 23.3%, 19.8% flat more than 19.6%. The technical level shows that the Bolin belt (13, 13, 2) three tracks have a divergent trend, the middle and upper tracks are upward, the lower tracks are downward, the daily KD line and MACD line show a golden fork trend, but slightly narrowed. There is a small support below the futures price, but at the same time, the upward pressure is greater, and the short-term focus is on the upper rail pressure level.

Caustic soda holds the list:

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