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Article: Caustic Potash Makers Hike Prices Amidst Strong Demand, Tight Supply
- Article from:
- Chemical Market Reporter
- Article date:
- March 17, 1997
- Author:
CopyrightCOPYRIGHT 1997 Schnell Publishing Company, Inc. 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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IN THE MIDST OF STRONG DEMAND and tight supply, the three US caustic potash producers are seeking their first price increases since mid-1995. Although industry players say that demand is the key to the increase, producers are also citing freight costs as a significant motivator.
The increases are considered positive indications for a market that has experienced relatively flat pricing. Since caustic potash pricing is typically glacial in its movement, due largely to there being one dominant producer and modest 2 to 3 percent annual growth, observers and producers are calling this increase a sign of strengthening demand.
The price hikes were initiated last month ...