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Article: Tight supply prompts another caustic soda increase. (Chlor-Alkali).(caustic soda price increases)(Brief Article)(Statistical Data Included)
- Article from:
- Chemical Week
- Article date:
- August 28, 2002
- Author:
CopyrightCOPYRIGHT 2002 Access Intelligence, LLC. 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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Tight caustic soda supply, steady demand, and expectations of further tightening of the market has prompted several producers to announce another $50/ton price increase, effective immediately, or as contracts allow. Producers announced a $50/ton hike earlier this year, and about $20-$30/ton of that was implemented, bringing contract prices to $80-$100/ton fob.
Dow Chemical led the latest initiative on August 22, and Pioneer, OxyChem, Olin, and Vulcan Chemicals have followed. Pioneer, Olin, and OxyChem also announced increases of C$30-C$85/m.t. in Canada. Other producers will likely follow the increase, market players say. The latest increase would take effect on ...