April 29 News – On April 29, Shandong Xinfa adjusted its liquid caustic soda prices: 32% ion-exchange membrane caustic soda quoted at 580 RMB/ton, and 50% ion-exchange membrane caustic soda decreased by 10 RMB/ton to 1,030 RMB/ton. The 1.13 million ton/year plant is operating normally.

Chempricehub analyzes caustic soda: Bullish/Bearish score: -1

The article reports that Shandong Xinfa’s spot price for 50% ion-exchange membrane caustic soda was lowered by 10 RMB/ton to 1,030 RMB/ton. The plant is operating normally with an annual capacity of 1.13 million tons, indicating sufficient supply and potentially weak demand, which directly pressures spot prices. Combined with futures market data, the main contract for caustic soda, SG2607, closed at 2,053 RMB/ton, down 41 RMB, with open interest increasing by 25,636 lots, reflecting heightened bearish sentiment that may further suppress futures prices. The score is -1 (generally bearish), due to the small price reduction and the absence of major supply-demand imbalance events.