Force majeure at Dow plant may add further pressure on caustic soda prices

摘要

Dow Chemical on June 6 declared "force majeure" at its Freeport, TX, caustic soda plant, further tightening supply and adding more upward pressure on already soaring prices. The company said that it would be placing North American and some Latin American customers sourced from the Gulf Coast plant on 90% allocation immediately. The force majeure will remain for "a minimum of three months" until repairs are completed to the plant. The 4.0 million tons/yr chor-alkali plant is one of the largest in the world.