27 March 2011 22:37 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Caustic soda prices are likely to rise in Latin America in April on tightening supply, a regional market participant said on Sunday.
The caustic soda plant shutdowns in Japan as a consequence of the earthquake are contributing to reduced availability around the world and to firming global sentiment, according to the source.
Higher prices and tightening availability in US and global markets are contributing to projections of higher domestic prices for caustic soda in Latin America.
Although chlor-alkali plants in Brazil are now running normally, caustic soda supply in the country was still snug following the long-lasting blackout of February, according to regional sources.
Meanwhile, demand in Brazil from the key alumina, wood pulp and paper, and soap and detergent sectors remained strong, propelled by the buoyant Brazilian economy, the source said.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
($1 = €0.71)
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