January 7th News: On January 7th, the market price of liquid caustic soda in Shandong remained weak and stable. In southwestern Shandong, the mainstream transaction price for 32% ion-exchange membrane caustic soda dropped to 650–680 yuan/ton; in northern Shandong, the mainstream transaction price for 32% ion-exchange membrane caustic soda was 680–750 yuan/ton; and in southern Shandong, the mainstream transaction price for 32% ion-exchange membrane caustic soda was 680–710 yuan/ton.

Chempricehub Analysis of Caustic Soda, Bull-Bear Score: -1
On the spot market, the price of liquid caustic soda in Shandong remained weak and stable. The mainstream transaction prices for 32% ion-exchange membrane caustic soda in southwestern, northern, and southern Shandong all declined or remained low, indicating weak market demand and oversupply, which exerted downward pressure on spot prices. On the futures market, the main caustic soda contract 2603 (closing price on January 6, 2026: 2,194 yuan/ton) fell by 3 yuan, with open interest decreasing by 15,593 lots, reflecting increased bearish sentiment in the market. Combined with the weakness in the spot market, it is expected that futures prices may continue to face downward pressure in the short term, with a bearish outlook.