US March caustic exports increase 27% year on year – ITC

11 May 2011 22:01  [Source: ICIS news]

HOUSTON (ICIS)--US exports of caustic soda increased by 27% to 329,011 tonnes in March, compared with 258,780 tonnes in the same month a year ago, according to data released by the US International Trade Commission (ITC) on Wednesday.

March’s export figures were 6.5% higher than February’s export figures of 308,861 tonnes, according to the ITC.

The earthquake and tsunami in Japan on 11 March triggered widespread concern in the caustic market about global supply disruption and changing trade flow patterns.

Exports to Brazil and Canada - the top two destinations for US material – dropped from February to March.

Brazil received 138,561 tonnes of US caustic material in March, a decrease of 11% from the 156,534 tonnes it received in February.

Canada received 40,345 tonnes of US caustic in March, a decrease of 3% from the 41,598 tonnes it received in February.

Other major destinations for US caustic material this month included Chile, Mexico and Venezuela.

Caustic soda imports in March to the US were up 28% year on year to 184,059 tonnes, compared with 143,410 tonnes brought to the US the same time a year ago.

The top two caustic suppliers to the US in March were China and Taiwan.

Caustic soda exports are at $420-450/dmt (dry metric tonne) (€289-311/dmt) FOB (free on board) USG (US Gulf), as assessed by ICIS.

Major US caustic soda producers include Formosa, Shintech, Dow Chemical, Westlake and PPG.

($1 = €0.69)

Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
For more on caustic soda visit ICIS chemical intelligence 

By: Ruth Liao
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