January 12th News: In November 2025, China's solid caustic soda import volume was 806.24 tons, a month-on-month decrease of 8.66% and a year-on-year increase of 32.81%. The average import price was $986.96 per ton, down 35.68% month-on-month and 25.39% year-on-year. Chempricehub's analysis of caustic soda indicates a bearish score of -1.5. Reasons: In November 2025, China's solid caustic soda import volume was 806.24 tons, down 8.66% month-on-month but up 32.81% year-on-year, indicating a short-term decrease in supply but a long-term increase. The average import price was $986.96 per ton, significantly down 35.68% month-on-month and 25.39% year-on-year, suggesting oversupply or weak demand in the international market, which may significantly depress domestic spot prices of caustic soda. In the futures market, the settlement price of the main caustic soda contract (e.g., the 2603 contract) has recently declined. This import data reinforces the downward expectation, and it is anticipated that futures prices will remain under pressure.