Will Chlor-Alkali Challenges in East India Soon Find Resolution

Author : prince shah | Published On : 18 Jan 2024

India’s caustic soda industry has long revelled in self-sufficiency. Prismane Consulting’s latest chlor-alkali report suggests supply in the nation have witnessed a more than 10% leap year-on-year to reach its present levels, enough to meet domestic consumption. Cheap foreign imports, nevertheless, have always weighed on the industry, threatening margins. Several factors have managed to mitigate these casted shadows in recent years though, from countermeasures like anti-dumping duties to domestic caustic soda manufacturers augmenting their capacities. A supply jump like this has now shrunk the import share in domestic demand to below 5%, the report notes. Albeit from a small base, exports have also concomitantly risen more than 30% year-over-year, maintaining India’s trade status as a net exporter of caustic soda supplies for the third consecutive year.