Economics :: Prices
Markets Tighten and Prices Set to Climb as Global Demand Soars
9:33 AM MDT | August 28, 2007 | Gregory Dl Morris
Robust consumer demand, especially in developing economies, has stoked global demand for soda ash. As a result, markets are tightening and producers have put through the first of what is likely to be a two-round price increase. Producers say they had little trouble enacting a $15/ton increase in North America, which was first announced in May and fully implemented by July. Most producers only raised off-list prices, which moved to a range of $125-$155/ton. General Chemical also raised list prices by $15/ton, to $185/ton. FMC, Solvay, and other major producers...
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