By Gordon Graff, Purchasing
Vigorous demand, a static supply and declining imports have combined to drive up U.S. sulfuric acid prices for much of this year. And market watchers say these conditions are likely to continue for at least another year.
Not only is sulfuric acid supply tight, but there is a scarcity of railcars to deliver the chemical, prompting concern among some buyers.
This is just a short excerpt from a article printed by Purchasing Magazine. Southern States Chemicals President, Key Compton is quoted saying, “As for sulfuric acid supply, there has been a “dramatic decrease in production facilities” of the acid over the past five to seven years, says Key Compton, president of sulfuric producer Southern States Chemical, based in Savannah, Ga. The shutdowns, he adds, are a legacy of an “oversupplied market” for sulfuric acid, plus relatively anemic sulfuric acid prices, which didn’t perk up until early this year. In fact, as late as November 2006, GenTek said it would close its Newark, N.J. sulfuric acid facility due to “adverse market conditions.”
If you would like read the entire article please go to http://www.purchasing.com/article/CA6474762.html
This entry was posted on Thursday, September 13th, 2007 at 3:52 pm
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