21 August 2010 00:03 [Source: ICIS news]
HOUSTON (ICIS news)--A shortage of natural gas in Argentina has led to cuts in chlor-alkali production, sources said on Friday.
The government prioritised natural gas for home-heating during cold spells, while industrial requirements were sidelined.
Reduced PVC production in turn resulted in lessening demand for feedstock chlorine, which caused a decrease in availability of chlorine’s co-product, caustic soda.
The shortages, however, were tempered by gas and ethylene imports, according to sources.
In addition to ethylene supply issues, vessels carrying caustic soda from the US Gulf to Argentina were faced with delays on preliminary stops at Brazilian ports backlogged with ethanol exports.
A local caustic soda producer said customers were not running out of product because supply and deliveries were being carefully managed
Domestic caustic soda prices in Argentina were last assessed by ICIS at $360-410/dmt (dry metric tonne) (€281-320/dmt) ex-tank. However, local sources said prices were trending up.
($1 = €0.78)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections