Olin Declares Force Majeure on Caustic Soda

Olin has declared force majeure on caustic soda system-wide, citing unexpected operation issues as well as weak chlorine demand. The company says it will supply its customers with approximately 70% of their contract volumes, subject to adjustments, until further notice. Olin says that it has experienced “significant, unexpected operational interruptions,” including plant shutdowns at several production facilities due to weather related, technical, and equipment issues, as well as a lack of demand for co-product chlorine, which restricts the company's...

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