April 20th News — On April 20th, the price of liquid caustic soda at Shandong Dezhou Shihua was lowered. The acceptance quotation for 32% ion-exchange membrane caustic soda is 775 yuan/ton, and for 50% ion-exchange membrane caustic soda, it is 1,220 yuan/ton. Actual orders are negotiable, and the 400,000-ton chlor-alkali plant is operating normally.

Chempricehub Analysis of Caustic Soda — Bull-Bear Score: -1

The article reports that the price of liquid caustic soda at Shandong Dezhou Shihua has been lowered, with acceptance quotations of 775 yuan/ton for 32% ion-exchange membrane caustic soda and 1,220 yuan/ton for 50% ion-exchange membrane caustic soda. Actual orders are negotiable, and the 400,000-ton chlor-alkali plant is operating normally. This indicates stable supply in the spot market for caustic soda, with weak demand or intensified competition leading to price declines, exerting a generally bearish impact on spot prices.

Combined with the caustic soda futures market, the closing price of the main contract 2607 on the Zhengzhou Commodity Exchange was 2,075 yuan/ton (data as of April 17, 2026), down 16 yuan/ton for the day. High open interest and significant changes indicate bearish market sentiment. The decline in spot prices is expected to further reinforce the downward trend in futures, potentially putting pressure on futures prices to move lower.

Overall assessment: A generally bearish score is assigned.