May 20 News – In April 2026, China's liquid caustic soda exports reached 443,502.6 tons, up 33.6% year-on-year and 20.2% month-on-month. For January–April, total liquid caustic soda exports stood at 1,293,061.3 tons, up 10.1% year-on-year. Chempricehub assesses caustic soda with a bullish/bearish rating: 1. On the spot side, China's liquid caustic soda export volume in April 2026 increased by 33.6% YoY and 20.2% MoM, while the cumulative exports for Jan–Apr rose 10.1% YoY. Strong external demand has effectively broadened the demand channels for caustic soda, absorbing domestic supply and providing favorable support to spot prices. On the futures side, the main caustic soda contract for July 2026 (2607) closed at 2,042 yuan/ton on May 19, 2026, up 11 yuan/ton from the previous trading day. Trading volume reached 647,000 lots, with open interest increasing by 1,184 lots, indicating high market activity. Combined with the positive export catalyst, futures prices show a relatively strong trend.