February 9th News: On February 9th, the price of flake caustic soda in Shandong Binhua was lowered. The industrial-grade flake caustic soda is quoted at 2,950 yuan/ton, the food-grade flake caustic soda at 3,250 yuan/ton, and 99% granular caustic soda at 3,450 yuan/ton. Chempricehub's analysis of caustic soda indicates a bearish score of -1.5. The price reduction of flake caustic soda by Shandong Binhua, with industrial-grade at 2,950 yuan/ton, food-grade at 3,250 yuan/ton, and 99% granular caustic soda at 3,450 yuan/ton, reflects an oversupply or weak demand in the spot market, which is bearish for spot prices. Combined with caustic soda futures data, such as the settlement price of the main contract 2605 at 2,115 yuan/ton (a daily drop of 73 yuan), and an increase in open interest indicating bearish pressure, this news may exacerbate the downward trend in futures. A score of -1.5 indicates significant bearishness, as the price reduction reinforces market expectations of a decline.