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Caustic soda: Spot prices continue to rise, the market transaction atmosphere is still good, and the high point of futures prices has dropped

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October 9, 2024, 4:19 PM


Analysis of caustic soda futures:SH2501 contract opening price: 2505, highest price: 2530, lowest price: 2445, position: 38120, settlement price: 2490, yesterday settlement: 2525, down: 35, closing price: 2494, daily trading volume: 103904 lots, precipitated capital: 456 million, capital outflow: 55.72 million.

Market price of caustic soda:

Spot analysis of caustic soda:Today, the price of caustic soda in China continues to rise slightly in the region, and the market trend in most regions is relatively stable. There is a positive boost in some parts of the liquid alkali market, supporting the rise in local prices; after the tablet alkali market rose almost across the board yesterday, it is relatively stable today, with only a few regional market price ranges moving up. Today, the price of liquid alkali continues to rise, and the regional performance of the market trading atmosphere is OK. Judging from the price adjustment in various regions, 32% of the ionic membrane alkali part rose 10-50 yuan / ton, 49% of the ionic membrane alkali low-end price fell 10 yuan / ton, and the high-end price rose 30 yuan / ton. The price of other concentration alkali almost remained stable, and the price range has not been significantly adjusted. The early inspection and repair equipment in the main production areas has not been restored, and there are still maintenance plans in the later stage, which has a certain support for local prices and a certain driving effect on the surrounding areas; in some areas, the performance of post-holiday traders and downstream enterprises in receiving goods is OK, coupled with the local equipment maintenance, supporting the price rise. 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 mostly maintains the stable situation. 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 raise their quotations. Today's tablet alkali market is more stable than yesterday, and the price is stable and slightly higher. Yesterday and today, the quotations of the upstream manufacturers have been announced one after another, mainly by upward adjustment, the regional markets have followed up one after another, there is no pressure on enterprise inventory for the time being, and the supply of goods in circulation on the market is on the low side.

Caustic soda futures analysis:Caustic soda SH2501 contract late night opening price quickly down to the intraday low, and then rebounded, the morning shock run, afternoon price concussion downward. As of today's close, SH2501 contracts fluctuated in the range of 2445-2530 throughout the day, with a spread of 85 points and an increase of 3914 positions in contracts, with 38120 positions so far.

Caustic soda index analysis:According to Tuduoduo data, China's caustic soda index rose 5.05%, or 0.176%, to 2872.17 on October 9, while China's caustic soda index rose.

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Future forecast of caustic soda:

Spot aspect:The spot caustic soda market shows a small upward trend after the festival, and the supply side gives the market a positive boost, and the price performance is relatively strong; in the main producing area, Shandong, there are storage and maintenance plans for some devices after the festival, and the supply side has the expectation of further tightening, forming an obvious support for prices. at the same time, the rise in prices in Shandong has a boost to other regional markets, and the short-term liquid alkali market may be regionally upward. On the first day after the festival, the quotations of the manufacturers in the tablet alkali market have been raised one after another, and the markets in most regions have followed suit, and the actual transaction price on the market is higher than that of the manufacturers; at present, most manufacturers have no inventory pressure for the time being, coupled with resistance in transportation in the main producing areas, it is expected that there will still be a slight upward trend in the short-term tablet alkali market.

In terms of futures:Caustic soda main SH2501 contract short performance is still relatively active, especially in the afternoon, the short entry is obvious, as of the afternoon closing trading situation: 19.5% more than open 22.3%, empty 20% versus multi-flat 16.9%, disk short opening continues to increase. The technical level shows that the opening of the three tracks of the Bollinger belt (13, 13, 2) has expanded, and the trend of gold forks of KD lines and MACD lines at the daily level continues to narrow. The whole-day trend of the main contract price closed with a long shadow. The Mandarin Commodity Index fell, commodity sentiment fell somewhat, caustic soda did not come out of a separate market, the market's strong reaction to policy may come to an end temporarily, and short-term caustic soda prices may fall to a certain extent.

Caustic soda holds the list:

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