Core Viewpoint - The domestic liquid caustic soda market shows stable prices in multiple regions, with a notable price increase for 50% liquid caustic soda in Shandong, despite limited profitability for chlor-alkali enterprises [1][2]. Group 1: Market Conditions - The transaction volume in the domestic liquid caustic soda market is acceptable today, with prices stable in many areas and an increase in the price of 50% liquid caustic soda in Shandong [1]. - In Shandong, the main transaction price for 32% liquid caustic soda is between 770-865 RMB/ton, while for 50% liquid caustic soda, it is between 1270-1290 RMB/ton [1]. - The overall supply and demand situation in other regions remains stable, although some markets see a decline in the willingness of downstream buyers to purchase at current high prices [1]. Group 2: Production and Inventory - As of this Thursday, the national average operating load of sample enterprises is 85.44%, down 1.29 percentage points from last week, due to increased maintenance and production cuts in chlor-alkali facilities [2]. - The inventory of 32% liquid caustic soda in East China increased to 173,300 tons, up 0.70% from September 10, driven by reduced production and active downstream procurement [2]. - In Shandong, the inventory of 32% liquid caustic soda rose to 36,600 tons, an increase of 8.28% from September 10, indicating a higher overall inventory level due to low downstream purchasing activity [2]. Group 3: Price Trends and Market Outlook - The market continues to trend weakly, with increased supply and higher operating rates among sample manufacturers [3]. - The recent decline in domestic alumina prices has narrowed profit margins for domestic alumina enterprises, leading to cautious purchasing behavior in the North China region [3]. - In Shandong, due to the upcoming National Day holiday, there may be a delay in releasing liquid caustic soda inventory, and with high supply levels, there is a possibility of further price reductions [3].