Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-08-11 13:26Report Overview - Report Title: Caustic Soda Industry Daily Report 2025 - 08 - 11 [2] 1. Report Industry Investment Rating - No information provided 2. Report's Core View - Supply: There were both shutdown and restarted plants last week, with caustic soda capacity utilization rising 1.2% to 85.1%. Many plants in Northwest, East, and North China plan to conduct maintenance this week, which may lead to a slight decline in capacity utilization [3]. - Demand: Alumina industry's profit is considerable, with no planned production cuts and stable operation expected. Non - aluminum downstream is in the off - season, with weak rigid demand [3]. - Inventory: Liquid caustic soda factory inventory increased 8.84% to 46.17 tons last week, with high inventory pressure and lack of positive demand factors [3]. - Price: Shandong liquid caustic soda price may continue the weak trend. SH2509 is expected to trade in the 2400 - 2550 range in the short term; SH2601 still faces pressure, with technical support around 2450 [3]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The main contract closing price of caustic soda was 2492 yuan/ton, up 46 yuan; the contract closing price of caustic soda for January was 2595 yuan/ton, up 60 yuan; and for May was 2678 yuan/ton, up 39 yuan [3]. - The futures trading volume of caustic soda was 199224 lots, up 38925 lots; the futures open interest was 84552 lots, down 11648 lots [3]. - The net position of the top 20 futures traders was - 15993 lots, up 2613 lots [3]. 3.2 Spot Market - The price of 32% ion - membrane caustic soda in Shandong was 800 yuan/ton, unchanged; in Jiangsu was 890 yuan/ton, unchanged [3]. - The converted 100% caustic soda price in Shandong was 2500 yuan/ton, unchanged; the basis of caustic soda was 54 yuan/ton, down 33 yuan [3]. 3.3 Upstream Situation - The mainstream price of raw salt in Shandong and Northwest was 210 yuan/ton, unchanged; the price of steam coal was 641 yuan/ton, up 1 yuan [3]. 3.4 Industry Situation - The mainstream price of liquid chlorine in Shandong was - 200 yuan/ton, down 50 yuan; in Jiangsu was - 200 yuan/ton, up 50 yuan [3]. 3.5 Downstream Situation - The spot price of viscose staple fiber was 12980 yuan/ton, unchanged; the spot price of alumina was 3220 yuan/ton, unchanged [3]. 3.6 Industry News - From August 1st to 7th, the average capacity utilization rate of Chinese caustic soda sample enterprises with a capacity of 200,000 tons and above was 85.1%, up 1.2% week - on - week [3]. - As of August 7th, the inventory of fixed liquid caustic soda sample enterprises with a capacity of 200,000 tons and above was 46.17 tons (wet basis), up 8.84% week - on - week and 17.08% year - on - year [3]. - Last week, the alumina operating rate increased 0.15% to 85.73%; the viscose staple fiber operating rate remained stable at 84.97%, and the printing and dyeing operating rate increased 0.38% to 59.28% [3].