tag:blogger.com,1999:blog-127077006288461850.post1104558534715087675..comments2023-06-21T06:32:42.850-07:00Comments on Chemicals: Prospects for the Global Chlorine Market – Same Question Everywhere: What To Do With the Chlorine?Primary Information Serviceshttp://www.blogger.com/profile/01843250350659356083noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-127077006288461850.post-89195638139672389242018-03-15T21:26:36.931-07:002018-03-15T21:26:36.931-07:00Elementary chlorine is not traded across region, b...Elementary chlorine is not traded across region, but its derivatives such as EDC, VCM and PVC<br />are traded extensively across the world. The two major net chlorine equivalent exporters in the<br />world are North America (NAM) and Northeast Asia (NEA).<br />• NAM chlorine equivalent export is projected to expand from 2.5 million metric tons to almost 3.0<br />million metric tons by 2021 via increases in EDC and PVC export volumes to Southeast Asia,<br />India and South America. NEA chlorine equivalent export largely consists of VCM and PVC being<br />shipped out to SEA and the Indian subcontinent, respectively.<br />• The European import and export position is projected to be almost balanced by 2021. Its net PVC<br />export position will be "neutralized" by its requirement to import EDC from outside the region<br />within the next five years.Primary Information Serviceshttps://www.blogger.com/profile/01843250350659356083noreply@blogger.comtag:blogger.com,1999:blog-127077006288461850.post-34951612776470574392018-03-15T21:24:13.386-07:002018-03-15T21:24:13.386-07:00This comment has been removed by the author.Primary Information Serviceshttps://www.blogger.com/profile/01843250350659356083noreply@blogger.comtag:blogger.com,1999:blog-127077006288461850.post-11961295393981513302018-03-15T21:13:28.334-07:002018-03-15T21:13:28.334-07:00New Delhi, January 25, 2018: Lately the global as ...New Delhi, January 25, 2018: Lately the global as well as domestic prices of caustic soda have risen sharply by ~35-45% in 9M FY2018 following healthy demand growth and lower supplies due to plant closures in Europe and China. The one of major two reasons for this is a decision by the European Union in December 2013, discontinuing the Mercury process for chlor-alkali units (~26% of total Europe capacity) beyond December 11, 2017. However, conversion to Membrane cell technology being an expensive exercise which along with high cost of power in these countries made conversion unviable for several units, consequently leading to the shutdown of mercury cell plants in Europe and thereby capacity loss. This is expected to keep Europe in short supply over the medium term.<br />Globally, the chlor-alkali industry is driven by demand of chlorine as its major derivative PVC is used largely in the housing market, and since chlorine is a co-product of caustic soda, the demand and offtake of chlorine impacts the production of caustic soda. This is, however, in contrast to the Indian market where caustic soda enjoys a relatively more mature and developed market than that of chlorine. Due to restrictions in sea borne chlorine trade, domestic chlorine prices are largely unrelated to global chlorine prices unlike import-parity prices for other commodities<br />Primary Information Serviceshttps://www.blogger.com/profile/01843250350659356083noreply@blogger.com