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Article: Cost pressures send sodium bicarbonate prices higher.
- Article from:
- Purchasing
- Article date:
- February 14, 2008
CopyrightCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Gordon Graff
After many months of steady pricing, producers of sodium bicarbonate in the fourth quarter of 2007 ratcheted up their prices by $30/ton in an effort to offset escalating raw materials and production costs.
The new higher rates for sodium bicarbonate went into effect October 1, and covered all grades of the chemical, including USP and industrial grades. They were made necessary by rising production and transportation costs that have been "squeezing" margins in the industry, says Richard White, marketing and sales director at major bicarbonate producer FMC Corp. in Philadelphia.
But buyers take note: the 5% jump was just enough to ...