Core Viewpoint - The main contract for caustic soda futures experienced a sharp decline, dropping to a low of 2021.0 yuan, with a current price of 2024.0 yuan, reflecting a decrease of 2.36% [1] Group 1: Market Analysis - Dongwu Futures indicates that there is an expectation for further price declines in caustic soda due to high production and inventory levels, which are exacerbated by limited storage capacity [2] - Ruida Futures notes that while the average capacity utilization rate for caustic soda has slightly decreased, the overall operational status remains high, with downstream demand showing little change, leading to continued price pressure [3] - Southwest Futures highlights significant seasonal characteristics, including high production, low demand, and high inventory, suggesting a pessimistic outlook for future caustic soda prices despite some improvement in profitability from liquid chlorine [4]