February 10th News On February 10th, the mainstream transaction price for 32% ion-exchange membrane caustic soda in southwestern Shandong was 560–620 RMB/ton; in eastern central Shandong, it was 550–625 RMB/ton; in northern Shandong, it was 550–620 RMB/ton; and in southern Shandong, it was 620–630 RMB/ton. Chempricehub's analysis of caustic soda, with a bullish-bearish score of 1, indicates that on February 10th, the mainstream spot transaction prices for 32% ion-exchange membrane caustic soda in southwestern, eastern central, northern, and southern Shandong ranged from 550 to 630 RMB/ton. Regional price differences were minimal, with overall prices remaining stable and showing no clear signs of increase or decline, resulting in a neutral impact on the spot market. Combined with the latest futures data, caustic soda futures contracts (e.g., the 2610 contract closed at 2,360 RMB/ton, up 48 RMB; the 2605 contract closed at 2,163 RMB/ton, up 42 RMB) generally rose, and changes in open interest reflected increased market confidence, indicating tightening supply or improved demand expectations, which is favorable for futures prices. The bullish sentiment in the futures market may spill over into the spot market, driving future price increases, thus warranting a generally favorable score.