Caustic soda previous quarter market trend and news
European Jan caustic soda stocks and shares straight down 17.6% on the entire year: Euro Chlor
European caustic soda stocks and shares were 200,in January 623 mt, straight down 17.6% on the entire year, wednesday trade association Euro Chlor reported.
Caustic soda prices were assessed at $390/mt FOB NWE Tuesday, up $10 about the week due to the March maintenance season.
January In, European chlorine production rose 2.4% on the entire year to 841,277 mt, the association added.
In January was 83 Capacity utilization.9% weighed against 81.9% a year previously, Euro Chlor said.
Shintech raising US caustic soda prices by $60/dst: source
US-centered Shintech will raise prices by $60/dry st, growing to be the most recent US producer to improve prices, a source with knowledge of company procedures said Thursday.
Earlier this full month, other suppliers — including Formosa Plastics USA, Occidental Chemical, Westlake Chemical substance and Olin — announced increases which range from $60-$85/dst, according to client notifications obtained by S&P Global Platts and marketplace sources.
The increases have been expected, with market individuals pointing to solid demand and continued tightness.
US place export caustic soda prices were assessed Tuesday at $405-$415/mt FOB USG, up $5 week after week, while domestic spot prices was assessed at $400-$410/dry out st FOB Plant, up $10 week after week.
Formosa Plastics USA most recent US producer to improve caustic soda prices
Formosa Plastics USA said Fri it would increase prices by $85/dry out st, becoming the most recent US seller to improve prices, according to a letter to clients obtained by S&P Global Platts.
The increase will immediately go in, or as contract conditions permit, the letter said.
Formosa also told clients it really is maintaining its 100% order allocation program, along with the required 15-day business lead period on rail car orders and 30-day business lead on barge orders.
Earlier this full week, Occidental Chemical substance said it could raise prices by $60/dry st on almost all grades of liquid caustic soda, and Westlake Chemical substance said it could increase the cost of diaphragm-quality liquid caustic soda by $65/dry out st, with high quality grades increasing by $85/dry out st, according to letters to clients. Olin also offers announced plans to improve prices by $60/dried out st, multiple market resources said. The raises were expected, with resources pointing to solid demand and continuing tightness.
US place export prices were assessed Tuesday at $400-$410/mt FOB USG, while domestic prices also was steady at $390-$400/DST FOB plant.