April 13th News — On April 13th, Shandong Xinfeng lowered its liquid caustic soda prices. The quotation for 32% ion-exchange membrane caustic soda was reduced by 10 yuan/ton to 680 yuan/ton, while the quotation for 50% ion-exchange membrane caustic soda remained at 1350 yuan/ton. Chempricehub's analysis of caustic soda indicates a bearish sentiment with a score of -1.5. The report highlights that the price reduction for Shandong Xinfeng's liquid caustic soda, with the 32% ion-exchange membrane grade down by 10 yuan/ton to 680 yuan/ton and the 50% ion-exchange membrane grade quoted at 1350 yuan/ton, suggests oversupply or weak demand in the spot market, posing significant downward pressure on spot caustic soda prices. Combined with futures market data, the main caustic soda contracts, such as 2605 (closing at 2013 yuan/ton, down 48 yuan) and 2606 (closing at 2098 yuan/ton, down 46 yuan), generally declined. Changes in open interest indicate increased bearish sentiment in the market (e.g., open interest for the 2607 contract increased by 16,318 lots), suggesting that futures prices may face further downward pressure, with a high risk of short-term declines.