On January 13, the price of liquid caustic soda at Shihua in Dezhou, Shandong, was lowered. The acceptance quotation for 32% ion-exchange membrane caustic soda decreased by 20 yuan/ton to 745 yuan/ton, with actual orders negotiable. The 400,000-ton chlor-alkali plant is operating normally. PriceSeek's analysis of caustic soda shows a long-short score of -1. The article reports that the spot price of liquid caustic soda (liquid form of caustic soda) at Shihua in Dezhou, Shandong, decreased by 20 yuan/ton to 745 yuan/ton, with normal plant operation, indicating stable and sufficient supply and potentially weak demand, which generally exerts bearish pressure on the spot price of caustic soda. Combined with data from the caustic soda futures market, the closing price of the main contract, such as the 2603 contract (trading volume: 443,793 lots), was 2,180 yuan/ton, down 7 yuan/ton from the previous day. The decline in spot prices may further drag down futures prices, and it is expected that the futures market will face downward pressure in the short term.