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Article: Turpentine Stays at 50 Cents With Little Near-Term Change.
- Article from:
- Chemical Market Reporter
- Article date:
- January 10, 2000
- Author:
CopyrightCOPYRIGHT 2000 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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CRUDE SULFATE TURPENTINE has settled at 50 cents per gallon for the first quarter of 2000. The price is effective January 1 and remains unchanged from last quarter. Following a year of quarterly drops of 25 cents, CST has landed firmly at the bottom of its historic pricing cycle and appears likely to stay there for the near term.
CST pricing remains weak primarily because of bloated inventories. According to the Pulp Chemical Associations' monthly statistics, the industry had inventories of 4.8 million gallons last October, a level relatively unchanged from the previous month. Inventories were above 5 million gallons as recently as last May.
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