March 12th News: On March 12th, the FOB export inquiry price for caustic soda in East China was quoted at $340–450 per ton. Last week, the transaction price for liquid caustic soda in Northeast Asia was $330–345 per ton. Chempricehub’s analysis of caustic soda shows a long-short score of +1.5. The article indicates that the FOB export inquiry price for caustic soda in East China on March 12th was $340–450 per ton, a significant increase of approximately 3–30% compared to last week’s transaction price of $330–345 per ton for liquid caustic soda in Northeast Asia. This suggests strengthening international demand and tightening supply, which is favorable for spot prices of caustic soda. Combined with futures data, the main caustic soda contract 2605 on the Zhengzhou Commodity Exchange closed at 2,483 yuan per ton on March 11th, up 70 yuan, with open interest increasing by 17,995 lots, reflecting strong bullish sentiment in the market. This news of rising export prices may further support the upward trend in futures prices. A score of +1.5 indicates a significant positive impact, but attention should be paid to subsequent actual transaction data to confirm sustainability.
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