April 21st — On April 21st, the price of 32% caustic soda in Shandong Province decreased by approximately 20–30 yuan per ton. Specifically, the mainstream transaction price for 32% ion-exchange membrane caustic soda in southwestern Shandong was 640–700 yuan per ton; in central-eastern Shandong, it was 630–710 yuan per ton; in northern Shandong, it was 650–700 yuan per ton; and in southern Shandong, it was 720–730 yuan per ton.

Chempricehub's analysis of caustic soda indicates a bearish sentiment score of -1. The report notes that spot prices for caustic soda (32% ion-exchange membrane grade) in Shandong have generally declined by 20–30 yuan per ton, representing a drop of about 3–4%. Mainstream transaction prices across regions, from southwestern to southern Shandong, have fallen to a range of 630–730 yuan per ton. This suggests either ample market supply or weak demand, exerting a generally bearish influence on spot prices and potentially leading to further short-term pressure in the spot market.

Additionally, the recent price trend of the main caustic soda futures contract indicates downward pressure. Driven by this bearish spot market news, futures prices are expected to remain weak. Investors should closely monitor risks associated with changes in supply and demand dynamics.