April 20th News
On April 20th, the price of liquid caustic soda at Shandong Binhua was lowered, with the quotation for 32% ion-exchange membrane alkali dropping to 720 yuan/ton, a decrease of approximately 30 yuan/ton compared to last week. Actual orders are negotiable, and the liquid caustic soda plant is operating normally.

Chempricehub Analysis of Caustic Soda
Bull-Bear Score: -1
Reason: The spot quotation for Shandong Binhua's 32% ion-exchange membrane alkali has dropped to 720 yuan/ton, a decrease of 30 yuan/ton (approximately 4.2%) compared to last week. Actual orders are negotiable, and the liquid caustic soda plant is operating normally, indicating stable supply but potentially weak demand, which exerts downward pressure on spot prices. Combined with the caustic soda futures market, recent main contracts such as the 2605 settlement price of 2016 yuan/ton (data as of April 17, 2026) suggest that the spot price decline may transmit to futures, particularly putting pressure on near-month contracts due to expectations of loose supply and demand, thereby increasing the downside risk for futures prices. Therefore, the score is -1, indicating a generally bearish impact.