US caustic soda prices moved lower during the last week of April ****, as weak downstream demand and rising inventory levels continued to pressure the domestic market. Weekly assessments showed that prices initially found support earlier in April due to diverted cargoes and tighter Gulf Coast inventories, but the market weakened steadily through the second half of the month. The latest weekly assessment recorded a *.** decline week on week, with current domestic pricing hovering near USD ***/MT, reflecting softer buying activity and ample product availability.
Caustic Soda market sentiment remained bearish as downstream sectors, particularly pulp and paper, textiles, and chemical intermediates, maintained cautious procurement strategies amid uncertain economic conditions. Although the Iran conflict and the closure of the Strait of Hormuz sharply disrupted petrochemical production across the Middle East and Asia, the US caustic soda market did not witness the same supply...
Leave a Comment
Comments (0)