April 16th News: On April 16th, the price of liquid caustic soda in Shandong Binzhou Chemical was lowered. The quotation for 32% ion-exchange membrane alkali dropped to 750 yuan/ton, a decrease of 10 yuan/ton compared to the previous trading day. The quotation for food-grade 32% alkali is 790 yuan/ton, with actual orders negotiable. The liquid alkali plant is operating normally. Chempricehub's analysis of caustic soda shows a bearish score of -1. The price of liquid caustic soda in Shandong Binzhou Chemical decreased by 10 yuan/ton to 750 yuan/ton, with food-grade quotations at 790 yuan/ton and actual orders negotiable. The normal operation of the plant indicates sufficient supply and weak demand, posing a general bearish impact on the spot price of caustic soda. Combined with caustic soda futures data, the main contracts on the Zhengzhou Commodity Exchange, such as 2605, settled at 2007 yuan/ton (down 7 yuan), and 2607 settled at 2085 yuan/ton (down 16 yuan). Changes in open interest indicate continued market bearish sentiment, and it is expected that futures prices will face downward pressure.
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