Caustic Soda Prices Shoot up as Import Volume Dwindles

Caustic Soda Prices Shoot up as Import Volume Dwindles

  • 20-Jan-2020 3:00 PM
  • Journalist: Peter Schmidt

Caustic Soda finds wide applications across several industries such as textiles, paper and pulp, alumina, soap and detergents etc. Domestic manufacturers of Caustic Soda are faced with stiff competition from cheaper import of the product in the Indian market. These industries that use caustic soda as raw materials for several application, irrespective of form, frown as Caustic Soda lye and flakes price rise in the domestic market. Lye and Flakes can be used interchangeably and there has been no significant difference in the import volumes of either of the form. However, in response to the repetitive appeals by the manufacturers to increase tariffs on import of the subject goods, import volume has drastically gone down, thus, resulting in a constricted supply of the product in the domestic market which in turn, has affected its price levels.

Related News

Caustic Soda Market to Sustain a Positive Outlook for April 2024 in Asia and Latin America
  • 10-Apr-2024 4:15 PM
  • Journalist: Harold Finch
Threat Raised on the US Caustic Soda Supply Chain Amid Baltimore Bridge Collapse
  • 02-Apr-2024 5:52 PM
  • Journalist: Motoki Sasaki
European Caustic Soda Prices Show Volatility Amidst Demand-Supply Imbalance
  • 01-Mar-2024 2:36 PM
  • Journalist: Robert Hume
OxyChem Restarts Caustic Soda and VCM Production in the United States
  • 15-Feb-2024 3:49 PM
  • Journalist: Timothy Greene