21 June 2012 09:56 [Source: ICIS news]
“We are bearish for chlorine where the market is now. The European and Asian economic slowdown is likely to slow down chlorine derivatives exports from the
He spoke at the ICIS World Chlor-alkali conference held in
Osborne noted that the
Olin estimated North American chlorine demand last year totalled 11.8m short tons.
For North American caustic soda, Olin estimated the total demand last year to be at 14.2m short tons, with export demand accounting for 2.4m short tons.
2012 demand outlook for caustic soda is expected to be flat, but Olin is cautiously optimistic on strong
Caustic soda production is dictated by chlorine demand as chlorine cannot be stored. In chlor-alkali processing, 1.1 tonne of caustic soda is produced for every tonne of chlorine.
Osborne noted European and Asian chlor-alkali operating rates are expected to be flat because of the weak economy.
US caustic soda exports, however, are expected to remain high in 2012 because of its cost-competitive position resulting from lower energy costs to produce chlor-alkali.
ECU value is the combined value of chlorine and caustic soda.
In the longer term, Osborne said the
“Energy play will favour the
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