29 November 2011 22:06 [Source: ICIS news]
HOUSTON (ICIS)--A drop in US chlor-alkali production numbers last month were reflected by low inventories and steady price increases in November, market participants said on Tuesday.
Chlor-alkali production was 78% of capacity in October, down from 83% of capacity in September, the Chlorine Institute said.
October industry chlor-alkali output totalled 897,419 tons (814,139 tonnes) of chlorine and 940,044 tons of caustic soda.
Several market participants said the figures were unsurprising given low inventories and steady price increases in recent weeks by suppliers.
US caustic soda exports were assessed by ICIS at $450-470/dry metric tonne (DMT) (€338-353/tonne) FOB (free on board) US Gulf.
Four weeks ago, caustic soda export prices were assessed at $430-460/tonne.
Major US chlor-alkali producers include Dow Chemical, Formosa Plastics USA, Georgia Gulf, Shintech, Occidental Chemical (OxyChem), Olin and PPG Industries.
($1 = €0.75)
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
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|