Analysis of caustic soda futures: On November 22, the opening price of the SH2501 contract: 2659, the highest price: 2685, the lowest price: 2641, the position: 63365, the settlement price: 2664, yesterday's settlement: 2659, the increase: 5, the closing price: 2666, the daily trading volume: 88283 lots, the accumulated funds: 811 million, and the capital inflow: 21.86 million.
Market price of caustic soda:
Spot analysis of caustic soda: Today, most regions of the caustic soda market in China are operating steadily, with prices in some regions mainly rising slightly. As the weekend approaches, most industry operators have intensified their wait-and-see attitude and are not enthusiastic about entering the market. The price of liquid alkali has risen individually, and the market price of flake alkali has almost stabilized. The price adjustment mentality of industry operators is relatively cautious. Judging from the adjustment of market prices in various regions, 32% ionic membrane alkali has locally increased by 5-20 yuan/ton, and the market price of 99% flake alkali has not changed; the price range of alkali at other concentrations has almost remained stable. Today, prices in a few regions in the liquid soda market have stabilized and increased, while market prices in most regions have remained stable. Some manufacturers in the main producing areas have maintenance plans in the later period. In addition, some enterprises are dissatisfied with the starting load, and manufacturers 'quotations have slightly increased, driving the market price center of gravity to move up slightly. The inventory pressure of enterprises in some areas is relatively small, and the downstream receiving performance is acceptable. In addition, due to the increase in prices in Shandong, local prices have increased slightly. There have been no significant changes in both supply and demand sides in most other regions, and no local variables have appeared that clearly guide the direction of the market. The market transaction atmosphere has mostly maintained its previous level, and the price range has temporarily shown a stable trend. Most operators have mainly waited and watched the market. A few manufacturers of upstream production enterprises in North China have raised their prices by 10-30 yuan/ton; the ex-factory quotations of manufacturers in most other regions have not been significantly adjusted yet, and manufacturers are more cautious in price adjustment. Today, the performance of the alkali market is relatively stable. Most traders have not seen significant adjustments in their shipment prices. The traders have shown cautious mentality and average enthusiasm for entering the market. The market supply and demand situation has remained at the previous level, and the trading atmosphere in various regions has remained tepid.
Analysis of caustic soda futures: The contract price of caustic soda SH2501 increased first and then decreased. The market fluctuated widely at night. The futures price fell slightly after the opening of the morning session, and then fluctuated upwards to the intraday high. The late session plunged slightly; the futures price rose slightly and then fell back. As of today's afternoon close, the SH2501 contract fluctuated throughout the day from 2,641 to 2,685, with a spread of 44,01 contracts increasing positions by 1383 lots, and so far, 63365 lots have been held.
Caustic soda index analysis:According to calculations from TDD-global data, China's caustic soda index on November 22 was 3293.29, up 5.47, or 0.166%. China's caustic soda index rose.
Forecast for caustic soda market outlook:
In terms of spot:Judging from the current fluctuations in the caustic soda spot market, there is insufficient guidance from both supply and demand on prices, and there is also a lack of guidance on policies and news. First of all, in terms of fundamentals, the maintenance of individual devices on the supply side has a small support for prices. Most supplies are temporarily stable. There has been no significant increase in demand. In terms of trading, both supply and demand are not enough to guide significant fluctuations in the market. There has been little change in exports, and there is no significant support for China prices. In addition, no guiding policies and news have appeared in the market. It is expected that short-term caustic soda prices may continue to maintain a turbulent consolidation trend, waiting for new variables to emerge.
Futures:The SH2501 contract price, the main force of caustic soda, has risen for three consecutive days. Near the weekend, both long and short sides have seen certain departures. The performance of the bulls in the field is relatively active, and the market has shown a certain small increase in positions. As of the afternoon's close, the transaction situation on the market: Among them, 18.9% more than 16.4% less than 18.3% less than 20.1%. The technical level shows that the three tracks of the Bollinger Band (13, 13, and 2) are open upwards, the two lines of the KD line at the daily level show a golden cross, and the trend of the dead cross on the MACD line has narrowed significantly. With the Wenhua Commodity Index declining significantly today and most commodities weak, the caustic soda market has gone up. The futures price closed at the positive cross star throughout the day, focusing on the performance between the middle and upper rails in the short term and waiting for new direction guidance.
List of caustic soda positions:
