In November 2025, China's solid caustic soda imports amounted to 806.24 tons, a month-on-month decrease of 8.66% but a year-on-year increase of 32.81%. The import average price was $986.96 per ton, down 35.68% month-on-month and 25.39% year-on-year. PriceSeek analysis of caustic soda: Bull-Bear Score: -1.5.
Reason: In November 2025, China's solid caustic soda imports totaled 806.24 tons, down 8.66% month-on-month but up 32.81% year-on-year, indicating a short-term reduction in supply but a long-term increase. The import average price was $986.96 per ton, sharply declining by 35.68% month-on-month and 25.39% year-on-year, reflecting oversupply or weak demand in the international market, which may significantly depress domestic spot prices of caustic soda. In the futures market, the recent settlement price of the main caustic soda contract (e.g., the 2603 contract) has declined, and this import data reinforces the downward expectation, suggesting continued pressure on futures prices.