Scaustic soda weekly report (20240831) —— supply and demand mismatch, this week liquid prices rose month-on-month

This week, raw salt price maintained; liquid chlorine price decreased slightly, Shandong liquid chlorine price decreased by-50 yuan / ton to-100 yuan / ton, Jiangsu liquid chlorine price decreased by 50 yuan / ton to-50 yuan / ton; Weekly East China and North China liquid price driven by supply side reduction and regional demand increase, Shandong 32% average price rose 48 yuan / ton to 838 yuan / ton, Jiangsu 32% average price rose 10 yuan / ton to 905 yuan / ton, Shandong high concentration liquid price rose 65 yuan / ton to 1290 yuan / ton. The weekly liquid price rose, Shandong chlorine production profit increased month on month; due to the liquid chlorine price decreased, Jiangsu chlorine production profit decreased.

In the downstream industry of liquid chlorine this week, the operating load of PVC industry decreased month on month, the start of propylene oxide increased slightly, the weekly start of chloropropylene oxide decreased by 8% to 57% from the month on month, and the price of liquid chlorine was low and fluctuated.

The weekly production of caustic soda decreased month on month, including the weekly production increased. Weekly liquid factory warehouse to the month, the range of warehouse increased, the library and factory warehouse to the month.

In the downstream market of caustic soda, the operating capacity of alumina remains high and the high proportion of imported mines used, and the new storage capacity of alumina is put into production recently; the weekly start of printing and dyeing is increased, and the start of viscose remains unchanged. Liquid export market this week is relatively quiet, export buyers and sellers are quoted less prices.

This week, the liquid spot price rose in the case of the market supply and the small inventory, continue to pay attention to the changes of supply and demand.

Futures side, affected by rising spot prices and 09 contract near delivery, caustic soda disk shocks upward this week, caustic soda futures 09 contract prices rose 5.65% last week to 2525 yuan / ton, holdings of 17200 to 0.4200,10 contract holdings, 12,01 contract holdings increased 0.60 to 34500, continue to focus on disk real ratio and spot market atmosphere.(Xuande Micro observation)