Chemicals Market Business Intelligence
By Purchasing Staff -- Purchasing, 4/9/2009 2:00:00 AM
$100/ton
April price hike for calcium chloride
Source: Tetra Technologies
WHAT IT MEANS:Tetra said short supply of hydrochloric acid led to the planned price hike for calcium chloride. But the company is investing $100 million in a new Arkansas plant to produce calcium chloride liquid.
6%
Forecasted decline in 2009 U.S. natural gas demand
Source: Energy Information Administration
WHAT IT MEANS:NYMEX natural gas prices have plunged from a high of $13.69/million Btus in July 2008 to $3.79 in March. Natural gas inventories are 13% higher than a five-year average, the EIA says.
11%
Buyers expecting inorganic chemical price hikes in March
Source: www.purchasingdata.com
WHAT IT MEANS:That's down from the 18% the month before, indicating that prices for inorganics have not yet hit bottom in most buyers' eyes.
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