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库存端压力有所缓解 烧碱期货盘中高位震荡运行
Jin Tou Wang· 2025-04-30 08:21
Group 1 - The domestic futures market for caustic soda saw significant gains, with the main contract opening at 2435.0 CNY/ton and reaching a high of 2481.0 CNY, marking a 2.14% increase [1] - Weekly production of caustic soda from sample enterprises was approximately 789,800 tons, reflecting a 0.28% decrease week-on-week and a 1.52% decrease year-on-year [1] - Liquid caustic soda inventory decreased by 3.02% to 408,500 tons, although it remains at a relatively high level compared to the same period last year [1] Group 2 - The caustic soda operating rate was reported at 82.1%, down 0.2% from the previous week [2] - The price of liquid chlorine in Shandong dropped by 250 CNY/ton, a decrease of 66.67% compared to earlier periods [2] - Despite a slight reduction in inventory, overall stock levels remain high, with limited increases in downstream delivery volumes [2] Group 3 - The overall supply of caustic soda remains sufficient, with limited demand growth, leading to a weak market outlook [1][2] - Key future considerations include the delivery volume from Weiqiao, inventory reduction, and the impact of aluminum production and exports [1] - The chlor-alkali industry is facing thin profit margins due to declining prices, necessitating caution regarding potential reductions in production [2]