06 June 2008 04:27 [Source: ICIS news]
SINGAPORE (ICIS news) -- Asian liquid caustic soda cargoes for July lifting could breach the $500/ tonne FOB (free on board) northeast (NE) Asia mark in July due to strong demand from the US, producers said this week.?xml:namespace>
According to a NE Asian producer, he has already received, from a ?xml:namespace>
Offers for July lifting were heard at around $530/tonne FOB NE Asia while offers for June lifting were meanwhile at $500/tonne FOB NE
“Domestic demand [in Asia] is actually quite stable but buying interest from the
Some traders however highlighted that, negotiations for July cargoes were still ongoing and that it remains to be seen if the $510/tonne FOB NE
Buyers and sellers also noted that prices for June cargoes remained at around the mid-$400s/tonne level and that trading was subdued this week. Deals done last week were at $450-460/tonne FOB NE
Since chlorine and caustic soda are produced in the same manufacturing process, the poor demand for chlorine in the
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