On April 8th, from January to February 2026, China's solid caustic soda imports amounted to 1,618.05 tons, representing a month-on-month increase of 141.08% and a year-on-year increase of 38.57%. The average import price was $1,005.71 per ton, reflecting a month-on-month decrease of 24.66% and a year-on-year decrease of 17.53%.

Chempricehub's analysis of caustic soda assigns a bearish score of -2. The report indicates that China's solid caustic soda imports surged by 141.08% month-on-month and 38.57% year-on-year from January to February 2026, signaling a significant increase in supply. Concurrently, the average import price declined by 24.66% month-on-month and 17.53% year-on-year, reflecting lower international prices. This development is expected to exert substantial downward pressure on the spot price of caustic soda, as the risk of oversupply intensifies and may further weigh on the domestic spot market.

Combined with caustic soda futures data (for instance, the closing price of the 2605 contract was 2,212 yuan per ton, down 10 yuan; the closing price of the 2606 contract was 2,301 yuan per ton, down 11 yuan), current futures prices are already trending downward. Changes in open interest indicate a strengthening bearish sentiment in the market. This news is likely to further amplify the downward pressure on futures prices, with short-term prices expected to face significant pressure.