January 26th News On January 26th, the price of liquid caustic soda at Shandong Binhua was lowered. The spot price of 32% ion-exchange membrane caustic soda was reduced by 20 yuan to 620 yuan/ton, with actual orders negotiable. The liquid caustic soda plant is operating normally. Chempricehub Analysis of Caustic Soda, Bull-Bear Score: -1 The article indicates that the spot price of liquid caustic soda at Shandong Binhua has been lowered by 20 yuan/ton to 620 yuan/ton, with the plant operating normally, suggesting ample market supply and weak demand, which generally exerts downward pressure on spot prices. Considering the caustic soda futures market, such as the 2603 contract settlement price of 1,942 yuan/ton (down 10 yuan) and the 2605 contract settlement price of 2,203 yuan/ton (up 33 yuan), the recent downward trend in the main contract prices may be exacerbated by this spot price reduction, intensifying short-term downward pressure due to concerns over oversupply in the futures market.