caustic soda prices heading higher US Axiall tells customers its will raise soda prices starting July 1
Houston (Platts)--28May2014/707 pm EDT/2307 GMT
US petrochemical producer Axiall will increase its US liquid caustic soda prices by $60/dry st effective July 1, it said in a notice to customers Wednesday.
In addition, the company is raising its caustic soda prices in Canada by C$65/dmt.
The company did not provide reason for the the price increase.
Occidental Chemical sent a similar announcement to its customers last week, saying its US prices would rise $60/dst effective immediately for spot buyers or as contract terms allow for contract buyers. In addition, OxyChem said it was raising its caustic soda prices in Canada by C$65/dmt.
"OxyChem's 100% order control program and required lead-times of 30 days on barge orders and seven days on rail car orders also remain in effect. All existing Temporary Voluntary Allowances remain in place," the company told customers.
https://www.platts.com/latest-news/petrochemicals/houston/us-axiall-tells-customers-its-will-raise-soda-21687430
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Of course despite all the chatter about NATO, Canexus remains in essence a chemical company, and rising chemical prices will have a material impact on the bottom line.
Regards,
Nawar