Brazil caustic soda import prices drop $60/tonne

15 May 2008 21:56  [Source: ICIS news]

HOUSTON (ICIS news)--Import prices for caustic soda in Brazil fell this week as shipments from producers in Europe loosened supply, industry participants said on Thursday.

Prices dropped $60/DMT (dry metric tonne).

According to sources in Latin America, a parcel of 9,000 DMT arrived in Santos, Brazil, from Romania, with an unconfirmed price of $540/DMT CFR (cost and freight) Santos.

The source reported delays in obtaining customs clearance due to a strike at the port, although he added that this could be resolved by the end of the week.

Caustic soda import prices in Brazil last week were assessed in the $600-660/DMT CFR (cost and freight) range, according to global chemical market intelligence service ICIS pricing.

The downward trend is unusual in a globally tight caustic soda market that has sent prices in all regions soaring in recent months.

However, sources said demand for caustic soda in Brazil was still very strong and the trend could quickly reverse.

($1= €0.65)

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By: Greg Holt
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