M
MacroTerms
👑 Buy VIP Account
📰 Morning Brief 👤 Overview ⚙️ Settings 📒 Idea Book 🧾 Subscriptions & Orders 🎫 Support Tickets
← Back to main brief
📅 2026-11-02 · Caustic Soda · Single-name brief

This report is provided by MacroTerms.com

Data as of: 2026-10-30 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)

CZCE.SH(CZCE.SH) Deep Analysis Report | Caustic Soda Bearish Observation | 2026-11-02

Bearish. The main contract of caustic soda closed at 1495, down 2.12% from yesterday's settlement, breaking below the 20-day moving average and approaching the downside pivot S1, with technicals turning weak. On supply and demand, inventory levels remain high, fundamentals are loose; on open interest, main contract reduction on rise shows active short covering, while longs wait and watch. In cross-asset ratios, the gold-silver ratio is at a high level, a strong USD has hedging pressure on the metals sector, which is bearish for Chinese caustic soda. Invalidated direction condition: daily close back above 1535 or night session break above 1520.

Single-name briefs Deep dive

SHFE GoldSHFE.AU 2026-11-02
SHFE Gold 2612 In-depth Report | Breaking Below 20-Day Low, Bears Dominate | 2026-11-02
SHORTneutral_context
Deep diveRead
SHFE SilverSHFE.AG 2026-10-09
Shanghai Silver (SHFE.AG) In-Depth Analysis Report | Bears in Control, Below 14745 Target 14220 | 2026-10-09
SHORTneutral_contextrevisedLegacy coverage
Deep diveRead
SHFE CopperSHFE.CU 2026-11-02
Copper (SHFE.CU) Deep Analysis Report | Bearish Outlook on Range Low | 2026-11-02
SHORTneutral_context
Deep diveRead
RebarSHFE.RB 2026-11-02
Rebar (RB2701) In-Depth Analysis Report | Bearish: Decline on Rising Open Interest Breaks Pivot, Inventory Turning Point Combined with Active Shorts | 2026-11-02
SHORTdaily-briefaligned
Deep diveRead
RapeseedCZCE.RS 2026-11-02
CZCE.RS(RS2701) Deep Analysis Report | Oscillating Bullish, 5385 Support, Buy on Dips | 2026-11-02
LONGno_house_view
Deep diveRead
Caustic SodaCZCE.SH 2026-11-02
CZCE.SH(CZCE.SH) Deep Analysis Report | Caustic Soda Bearish Observation | 2026-11-02
SHORTno_house_viewrevised
Deep diveRead
FiberboardDCE.FB 2026-11-02
DCE.FB(FB2612) In-Depth Analysis Report | Bearish: Feeble Rebound on Position Reduction, Pressured by Lower 20-Day Channel Band | 2026-11-02
SHORTno_house_view
Deep diveRead
Iron OreDCE.I 2026-11-02
Iron Ore (I2701) Deep Analysis | Bearish: Decline with Decreased Position + Expanded Net Short | 2026-11-02
SHORTneutral_context
Deep diveRead
Japonica RiceDCE.RR 2026-11-02
DCE.RR(RR2612) Deep Analysis Report | Bearish, Downtrend Persists with Increased Open Interest | 2026-11-02
SHORTno_house_view
Deep diveRead
BitumenSHFE.BU 2026-11-02
SHFE.BU(BU2701) In-Depth Analysis Report | Upside Breakout on Rising Open Interest, Bullish View | 2026-11-02
LONGno_house_view
Deep diveRead

Previous briefs

2026-10-30：Single-nameCZCE.SH(SH2701) Deep Analysis Report | Bearish: Record-High Open Interest Collapses Demand, Target 1434 Below 1460 | 2026-10-30 View 2026-10-29：Single-nameCZCE.SH(SH2701) Deep Analysis Report | Position Increase Breaks 20-Day Low, Shorts Actively Add | 2026-10-29 View 2026-10-28：Single-nameCZCE.SH(CZCE.SH) Deep Analysis Report | Caustic soda probing key support under bearish structure | 2026-10-28 View 2026-10-27：Single-nameCZCE.SH(CZCE.SH) Deep Analysis Report | Caustic Soda Runs Weakly | 2026-10-27 View 2026-10-09：Single-nameLegacy coverageCZCE.SH(CZCE.SH) In-depth Analysis Report | Bearish Bias, Target 1795 | 2026-10-09 View 2026-10-08：Single-nameLegacy coverageCZCE.SH (CZCE.SH) In-Depth Analysis Report | Bearish Breakdown, Look to 1791 | 2026-10-08 View

⟠ This month's strategy backtest

Daily AI brief ideas settled day-by-day with objective stop/target matching

* Backtest settles each daily trade idea: stop/target whichever first, flat at close when window ends. Past performance does not predict future results.