30 March 2008 19:43 [Source: ICIS news]
The oriented strand board (OSB) market has nosedived in 2008 as several mills have been closed or curtailed operations due to weak demand, the producer said on the sidelines of the 33rd National Petrochemical & Refiners Association (NPRA) meeting.
The drop in new construction activity in the US has weakened demand for OSB, the seller said. P-wax is added in the manufacturing process to improve the board’s resistance.
Ainsworth Lumber announced in February it would curtail operations at its Canadian OSB mills in Alberta and British Columbia due to reduced customer demand.
The wax producer said steady demand from packaging and candle sectors was making up for the loss in demand from construction markets.
Major North American wax sellers include IGI, ExxonMobil, Citgo and Calumet.
For more on p-wax visit ICIS chemical intelligence
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