On April 23, Shandong Dezhou Shihua lowered its liquid caustic soda prices. The acceptance price for 32% ionic membrane caustic soda was reduced to 730 RMB/ton, and the acceptance price for 50% ionic membrane caustic soda was lowered to 1,100 RMB/ton, with actual orders negotiable. The 400,000-ton chlor-alkali plant is operating normally.

According to Chempricehub's analysis of caustic soda, the bullish-bearish score is -1. Shandong Dezhou Shihua's price reduction for liquid caustic soda, with the acceptance prices for 32% and 50% ionic membrane caustic soda dropping to 730 RMB/ton and 1,100 RMB/ton respectively (actual orders negotiable), along with the normal operation of the 400,000-ton chlor-alkali plant, indicates ample market supply and weak demand, creating significant downward pressure on spot prices. In the futures market, the main caustic soda contract SH2606 closed at 2,134 RMB/ton yesterday, up 30 RMB, but the decline in spot prices will drag down futures prices, leading to an expected short-term bearish adjustment.