08 July 2013 12:01 [Source: ICIS news]
SINGAPORE (ICIS)--India’s GHCL Ltd has delayed plans to shut its 850,000 tonne/year soda ash plant in Gujarat to October instead of July on the back of buoyant domestic demand, a company official said on Monday.
The plant was originally scheduled to undergo 15 days of maintenance this month. Actual shutdown dates in October have yet to be fixed.
“We have delayed the turnaround to October because of good demand,” the official said, adding that the plant is now running at full capacity.
The company’s soda ash exports are limited only to small parcels for regular customers located in Bangladesh, Sri Lanka and Nepal, instead of further afield, the official said.
In a separate development, a different Indian soda ash producer raised its local invoice prices by Indian rupee (Rs) 600-700/tonne ($10-12/tonne) in July for the first time since May 2012, in tandem with the international market trend, according to a market source.
Offers for dense grade spot cargoes are now at Rs18,200/tonne ex-works, whereas light grade spot cargoes are offered at Rs17,900/tonne ex-works, depending on customer and discount levels, a source at the second producer said. Both prices exclude taxes, he said, adding that negotiations with buyers are in progress.
India’s demand for both dense and light grade soda ash is growing at a rate of 4% to 5% annually, on the back of capacity expansions in the domestic flat glass industry and the population growth, he added.
Soda ash is used in the manufacture of glass, detergents and industrial chemicals.
($1 = Rs60.24)
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