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Article: Crude sulfate turpentine hanging on despite price stall. (Specialties).
- Article from:
- Chemical Market Reporter
- Article date:
- January 6, 2003
- Author:
CopyrightCOPYRIGHT 2003 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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STALLED AT 50 cents per gallon since October 1999, and with North American production of crude sulfate turpentine (CST) steadily declining, the CST market still manages to hang on. "Markets for products derived from CST remain soft, even though the production of turpentine is way down," according to one producer. "In fact," he adds, "2002 may be our record low year for CST production."
Falling demand for products derived from turpentine continues to plague the industry as well as falling paper mill production. "But demand for the products has fallen off at a greater rate, and that's what's causing stabilization of the pricing," states the producer. US ...