Global Best Chemical & Petrochemicals Data Base, Chemical Prices

In Q4 2023, the Caustic Soda market in North America experienced an upward trajectory, influenced by multiple factors affecting both the market and prices. One significant driver of the October surge was a supply shortage, particularly evident in the US market, leading to price hikes. Despite a sluggish economic recovery, domestic and regional demand for Caustic Soda remained strong, notably propelled by the downstream Aluminum and cleaning industries. However, the weak US dollar contributed to heightened input costs, exerting pressure on market players in the US. Throughout the second half of the quarter, Caustic Soda prices saw marginal downstream demand from the Aluminum segment, while market players' destocking sentiments weighed on price momentum. Prices stabilized in December 2023 due to a temporary halt in production activities. As of December 2023, the latest price of Caustic Soda 50% Liquid FOB Texas in the USA stands at USD 329/MT. The price trend for the USA in Q4 2023 i...

Taking forward the vision of self-reliant India, Meghmani Finechem Limited (MFL) announces plan for the expansion of its Caustic Soda facility from 294 KTPA to 400 KTPA. Besides this, the company is also willing to boost the capacity of its Captive Power Plant at its Chlor Alkali and Derivative unit from 96 MW to 132 MWT.  Get more Info :  https://www.chemanalyst.com/NewsAndDeals/NewsDetails/meghmani-reveals-plans-for-caustic-soda-capacity-expansion-aims-to-reduce-indias-chemical-dependency-3397 The advanced capacity expansion with scheduled completion in March 2022 is anticipated to incur a total expenditure of around INR 2300 Million. Following the expansion, installed capacities of Chlorine and Hydrogen will be raised to 350 KTPA and 116 Million NM3 per annum. The project will also ensure efficient supplies to the upcoming Epichlorohydrin plant to be commenced in FY 2022 and CPVC plant in FY 2023.  Moreover, it is anticipated to serve well in catering the requirement f...