US petrochemical producer Dow Chemical has raised its caustic soda 50%-solution contracts by $25/st for diaphragm grade and by $35/st for membrane-grade product, the company said Monday in a letter to customers.
The increases were effective immediately or as contract terms allowed, the letter said.
Dow said the hikes were in response to continued tight supply and strong demand. The company also said its order control program based on 100% allocation remains in effect.
The US caustic soda export market pot values have remained stable in the mid-$400/mt FOB USG since March, despite production issues and pressure from producers to increase prices.
