March 20th News
From January to February 2026, China's total import volume of liquid caustic soda was 47.6 tons, a year-on-year decrease of 8.8%.

Chempricehub's Analysis of Caustic Soda:
Bull-Bear Score: 1

The article indicates that China's import volume of liquid caustic soda (a form of caustic soda) from January to February 2026 decreased by 8.8% year-on-year to 47.6 tons, suggesting a contraction in external supply. This may exacerbate domestic supply-demand tensions and drive up spot prices.

From the perspective of the futures market, the main caustic soda contracts, such as 2605 (Zhengzhou Commodity Exchange), have recently shown an upward price trend (closing at 2,465 yuan per ton on March 19th, up by 22 yuan). High trading volume (461,770 lots) and changes in open interest indicate increased market activity. The reduction in imports may reinforce bullish expectations, supporting further upward movement in futures prices.