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Article: CST Price Tumbles Yet Again; Market's Future Remains Unclear.(crude sulfate turpentine)
- Article from:
- Chemical Market Reporter
- Article date:
- October 26, 1998
- Author:
CopyrightCOPYRIGHT 1998 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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THE PRICE OF CRUDE SULFATE TURPENTINE has dropped by 15 cents, effective October 1, to $1.50 per gallon. The decrease follows a 10 cent decline last quarter--the product's first in more than three years.
Analysts arc uncertain whether the CST price has bottomed out and will turn around or whether the product will continue its downward spiral. Pricing for next year remains uncertain, but all market participants agree that the CST market is tied to the health of the global economy.
"CST prices have been notoriously volatile over a long period of time, and swings are very wide," a consultant notes. Historically, there has been a seven-to-10-year cycle in ...