April 24 News – On April 24, the short-term caustic soda market in Shandong showed signs of weakness, with liquid chlorine prices continuing to trend downward, while liquid caustic soda is expected to see limited declines in the near term. In southwestern Shandong, mainstream transaction prices for 32% ion-exchange membrane caustic soda ranged from 600 to 670 RMB/ton; in central and eastern Shandong, they were between 605 and 670 RMB/ton; in northern Shandong, 620–670 RMB/ton; and in southern Shandong, 690–700 RMB/ton.

According to Chempricehub’s assessment of caustic soda, the bullish-bearish rating stands at -0.5. The report indicates that the spot caustic soda market in Shandong is exhibiting weakness, with insufficient demand exerting downward pressure on prices. However, the extent of price declines is limited, suggesting strong support from the supply side and constrained short-term downside potential. In conjunction with caustic soda futures data, the main contract 2607 closed at 2,103 RMB/ton, with a change of +4.00 and an increase in open interest, reflecting buyer interest. Nonetheless, due to the drag from weak spot market conditions, the overall trend for futures prices is neutral-to-bearish, with short-term consolidation expected.

As for liquid chlorine, the bullish-bearish rating is -1. Prices are anticipated to continue their downward trajectory, reflecting oversupply or sluggish demand, which exerts a generally bearish impact on spot prices. Short-term downward price pressure is expected to persist.