Olin Force Majeure Worsens Caustic Soda Supply Shortfall

Olin declared force majeure on caustic soda on February 21, citing unexpected operating problems as well as weak chlorine demand. The company says it will supply its customers with approximately 70% of contracted volumes, subject to adjustments, until further notice. Olin’s declaration will likely cause a spike in spot prices, market sources say. Spot export prices jumped as high as $520-$540/m.t. last week, market sources say. Olin says that it has experienced “significant, unexpected operational interruptions,” including plant shutdowns at...

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