February 3 News — On February 3, Shandong Luxi Chemical's liquid caustic soda price for 32% ion-exchange membrane caustic soda was lowered to 600 yuan/ton. The 400,000-ton/year chlor-alkali plant is operating normally. Chempricehub's analysis of caustic soda shows a long-short rating of -1. The article indicates that Shandong Luxi Chemical's spot price for 32% ion-exchange membrane caustic soda has been lowered to 600 yuan/ton, while the 400,000-ton/year chlor-alkali plant is operating normally, suggesting ample and potentially increasing market supply, which exerts downward pressure on the spot price of caustic soda. Combined with caustic soda futures data, recent contracts such as 2605 closed at 2,219 yuan/ton (up 38 yuan), indicating a short-term upward trend. However, the reduction in spot prices may signal bearish sentiment, affecting futures market expectations and putting pressure on future prices. The rating is -1 (generally bearish) because the spot price reduction directly reflects loose supply and demand. Although futures data are favorable in the short term, the news reinforces the risk of oversupply.