May 14 News - On May 14, Shandong Luxi Chemical's liquid caustic soda prices were lowered. The price of 32% ionic membrane caustic soda was quoted at 600 yuan/ton, down 20 yuan/ton from the previous trading day. The 400,000-ton/year chlor-alkali plant is operating normally. Chempricehub evaluates caustic soda with a long-short rating of -1. On the spot side: Shandong is the core production area for caustic soda in China. As a leading regional chlor-alkali enterprise, Luxi Chemical's price reduction of 20 yuan/ton for 32% ionic membrane caustic soda, along with the normal operation of its 400,000-ton/year chlor-alkali plant, suggests an increased supply expectation, which exerts a moderately bearish impact on spot caustic soda prices. On the futures side: The settlement price of the main caustic soda contract 2607 on the Zhengzhou Commodity Exchange on May 13 was 2,043 yuan/ton, down 1 yuan/ton. Distant-month contracts generally closed slightly lower. This spot price reduction further pressures the futures market, resulting in an overall bearish outlook.