February 13th News — On February 13th, the market price of liquid caustic soda in Henan experienced a widespread decline. The ex-factory price for 32% liquid caustic soda in the region is approximately 2,050–2,150 RMB/ton (on a 100% basis), with the mainstream transaction price around 2,050 RMB/ton (on a 100% basis). The transaction price for 48% liquid caustic soda is around 2,100 RMB/ton (on a 100% basis). Chempricehub Analysis of Caustic Soda, Bull-Bear Score: -1 The article indicates a general decline in the market price of liquid caustic soda in Henan, with the ex-factory price for 32% liquid caustic soda at 2,050–2,150 RMB/ton (on a 100% basis), the mainstream transaction price at 2,050 RMB/ton, and the transaction price for 48% liquid caustic soda at 2,100 RMB/ton (on a 100% basis). This reflects oversupply or weak demand in the regional market, exerting downward pressure on the spot price of caustic soda, with significant bearish factors at play. Considering the caustic soda futures market (e.g., the closing price of Zhengzhou Commodity Exchange contract 2605 at 2,168 RMB/ton and the settlement price at 2,161 RMB/ton), the decline in spot prices may dampen expectations in the futures market, leading to increased bearish sentiment among investors. It is anticipated that futures prices will also face downward pressure. The overall score is -1.0, indicating a generally bearish outlook. Although the price decline is widespread, it has not reached the level of a sharp drop. Attention should be paid to subsequent changes in supply and demand dynamics.