April 29 News – On April 29, Shandong Dezhou Shihua reduced the price of liquid caustic soda. The acceptance quotation for 32% ion-exchange membrane caustic soda dropped to 700 RMB/ton, and for 50% ion-exchange membrane caustic soda dropped to 1070 RMB/ton. Actual orders are negotiable. The 400,000-ton chlor-alkali plant is operating normally. Chempricehub evaluates caustic soda: long-short rating: -1.5.
The price reduction of liquid caustic soda by Shandong Dezhou Shihua, with the 32% ion-exchange membrane caustic soda acceptance quotation falling to 700 RMB/ton and 50% to 1070 RMB/ton (negotiable for actual orders), indicates ample market supply amid weak demand. The normal operation of the 400,000-ton plant reinforces spot supply pressure, posing a significant bearish factor for spot prices. Combined with the caustic soda futures contract quotes on the Zhengzhou Commodity Exchange (e.g., the settlement price of contract 2607 at 2042 RMB/ton, down 41 points), the spot price decline may exacerbate the futures downtrend, suggesting short-term downward pressure on futures prices.