China's liquid caustic soda exports decline by 3.9% in August

28 September 2012 08:22  [Source: ICIS news]

SINGAPORE (ICIS)--China's export volume of liquid caustic soda dipped by 3.9% month on month in August amid lower plant operating rates and weak demand, market sources said on Wednesday.

Chlor-alkali producers in China operated their plants at reduced rates in view of poor co-product chlorine prices and the bearish outlook in the chlorine-derivatives market, market sources said.

Meanwhile, caustic soda demand was weak as end-users procured cargoes strictly on a need-to basis to cover their immediate requirements, the sources added.

Spot demand from alumina producers in Australia and buyers in the US west coast was also dampened by the high prices in Asia, according to market sources.

Liquid caustic soda exports were at 96,879 dry metric tonnes (dmt) in August, 3,889dmt lower than July's figure of 100,768dmt, according to data from China Customs.

Caustic soda export prices were last assessed by ICIS at $450-460/dmt (€346-354/dmt) FOB NE Asia on 21 September, $5/dmt lower week on week.

($1 = €0.77)

By: Feliana Widjaja
+65 6780 4327

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