14 March 2013 17:49 [Source: ICIS news]
LONDON (ICIS)--Solid caustic soda demand in eastern Africa has picked up since the presidential and general election results were announced in Kenya, sources said on Thursday.
Demand is improving and buyers have been placing significant orders since Monday, a trader in India said.
A Taiwanese producer added that its export volumes went up from about 1,000 tonnes in February to about 1,500 tonnes in March. It attributed this to a jump in inquiries from Kenya this week.
Market participants expressed concern last week about the possibility of violence following the elections, which dampened buying sentiment.
However, these concerns seem to have passed now and demand is on the rise, sources said.
The Taiwanese seller said the eastern African market seems to be slightly tighter now because of reduced supply from Europe. As a result its customers in the region have approached it asking for more cargo.
The Indian trader said everything has settled now, and it has received plenty of inquiries for immediate shipment.
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