March 31st News: On March 31st, Shandong Dezhou Shihua adjusted its liquid caustic soda prices. The acceptance quotation for 32% ion-exchange membrane caustic soda is 810 yuan/ton, and for 50% ion-exchange membrane caustic soda, it is 1,400 yuan/ton. Actual orders are negotiable. The 400,000-ton chlor-alkali plant is operating normally. Chempricehub's analysis of caustic soda shows a bearish score of -1.5. The report indicates that Shandong Dezhou Shihua has adjusted its liquid caustic soda prices, with acceptance quotations of 810 yuan/ton for 32% ion-exchange membrane caustic soda and 1,400 yuan/ton for 50% ion-exchange membrane caustic soda. The negotiability of actual orders suggests ample supply or weak demand in the spot market, putting downward pressure on prices. The normal operation of the 400,000-ton chlor-alkali plant further increases supply, reinforcing bearish expectations for spot prices. Combined with caustic soda futures data (e.g., the Zhengzhou Commodity Exchange contract 2605 closed at 2,340 yuan/ton, down 40 yuan), the downward adjustment in spot prices may intensify bearish sentiment in the futures market, leading to further declines in futures contracts. A score of -1.5 reflects a strong bearish signal, indicating that both spot and futures prices are expected to face downward pressure in the short term.