January 04 News On January 4, the price of liquid caustic soda at Shandong Binhua was lowered, with the spot quotation for 32% ion-exchange membrane caustic soda dropping to 720 yuan/ton, down by 10 yuan/ton compared to the previous trading day. Actual orders are negotiable, and the liquid caustic soda unit is operating normally. Chempricehub Analysis of Caustic Soda, Bull-Bear Score: -1 The price of liquid caustic soda at Shandong Binhua was lowered by 10 yuan/ton to 720 yuan/ton, with the unit operating normally and actual orders negotiable. This indicates ample market supply and weak demand, exerting downward pressure on spot prices. Combined with recent caustic soda futures contract data (e.g., the 2601 contract closing at 2,020 yuan/ton, down by 37 yuan), the decline in spot prices may reinforce bearish expectations in the futures market, putting pressure on futures prices and intensifying overall bearish sentiment.