The caustic soda market is tight due to planned and unplanned stoppages at produciton plants that occurred in the past months. According to Euwid, prices have therefore risen and are poised to increase further.
The caustic soda market in Western Europe has been showing signs of scarcity recently. Scheduled and unscheduled maintenance breaks have disrupted market equilibrium, Euwid states. Producers report that production plants are continuing to take downtime in the third quarter of 2021.
Amidst strong demand and low supply, suppliers have announced substantial price increases in the second quarter.