US FMC pushes for second price hike on 2011 soda ash contracts

20 September 2010 22:03  [Source: ICIS news]

HOUSTON (ICIS)--US soda ash maker FMC on Monday issued a second price-increase nomination for 2011 contracts, the latest in a series of price pushes facing buyers in the upcoming contract negotiation season.

Producers said that increasing demand levels made the price hikes necessary. 

FMC said it would seek an additional $10/ton ($9/tonne, €7/tonne) for its dense soda ash in 2011. The company had previously issued a $10/tonne increase nomination in May.

US dense soda ash prices were assessed by ICIS at $135-175/short ton FOB (free on board) for bulk material.  

Competing soda ash producer General Chemical had also announced two $10/ton increase nominations, while soda ash exporter American Natural Soda Ash Corporation (ANSAC) said it would seek a $30/ton increase for spot export prices.

Buyers were unavailable for immediate comment on the latest FMC price nomination.

($1 = €0.77)

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By: Ben Lefebvre
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