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In Europe buyers unwilling to acknowledge the US caustic soda price hikes

February 23/2012


(chemmonitor) --  The US-based company Dow Chemical plans to escalate its contract price for caustic soda for Q2 in the European market by EUR 40 (USD 53) per dry metric tonne (dmt). The future hike in the contract values resulted from stable consumption of caustic soda in the northwest Europe and several turnarounds of the units.

Some companies consider the situation in the European market as balanced, while consumers of caustic soda are not apt to accept price surges because the supply increased in line with declined consumption.

 


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Author:Anna Larionova
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Category:General News
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