烧碱数据日报-20250825

Report Summary 1) Report Industry Investment Rating - No industry investment rating is provided in the report [1] 2) Core View - The domestic liquid caustic soda market had fair transactions today, with prices stable in most regions, rising slightly in Shandong, Hubei, and Guangxi for 32% liquid caustic soda, and rising in Shandong for 50% liquid caustic soda. The game between bulls and bears is intense, and it is recommended to continue to stay on the sidelines [1] 3) Summary by Relevant Catalogs Market Price - Raw Salt: The prices in Shandong, Jiangsu, and Northwest regions remained stable at 200, 250, and 200 respectively [1] - Calcium Carbide: The price in Inner Mongolia increased by 50 to 2260, while that in Shandong remained at 2755 [1] - Liquid Chlorine: The prices in Shandong, Jiangsu, and Northwest regions remained stable at -200, -200, and -600 respectively [1] - 32% Liquid Caustic Soda: The price in Shandong increased by 10 to 850, while that in Jiangsu remained at 900 [1] - 50% Liquid Caustic Soda: The price in Shandong increased by 10 to 1350, while that in Jiangsu remained at 1400 [1] - Caustic Soda Flakes: The prices in Shandong, Inner Mongolia, Guangdong, and Southwest regions remained stable at 3300, 3150, 3725, and 3750 respectively [1] - PVC: The prices in Shandong and Inner Mongolia remained stable at 4750 and 4525 respectively [1] Futures and Basis - Futures Main Contract: The closing price increased by 54 to 2741 [1] - Basis: The basis in Shandong decreased by 23 to -85, and that in Jiangsu decreased by 54 to 72 [1] Price Spreads - 50% Caustic Soda - 32% Caustic Soda Spread: The spread in Shandong decreased by 11 to 44 [1] - Caustic Soda Flakes - 50% Caustic Soda Spread: The spread in Guangdong remained stable at 585 [1] - 50% Caustic Soda Regional Spread: The spread between the East and Shandong decreased by 10 to 220 [1] - Caustic Soda Flakes Regional Spread: The spreads between Southwest and Inner Mongolia, and between Southwest and Shandong remained stable at 600 and 450 respectively [1] Profits and Electricity Prices - Chlor - Alkali Profits: The profit in Shandong increased by 35 to -90, while that in the Northwest decreased by 68 to 781 [1] - Electricity Prices: The electricity prices in Shandong and Inner Mongolia remained stable at 0.75 and 0.5 respectively [1] Operation Strategy - The game between bulls and bears is intense, and it is recommended to continue to stay on the sidelines [1]