Caustic Soda Prices

Aluminium industry is one of the major consumers of caustic soda in the country

Chemical stocks jumped after the government extended anti-dumping duty on imports of caustic soda from China and Korea till November 2020 to guard domestic manufacturers

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market

Industry is dogged by inverted duty structure. While calcined petroleum coke import suffers 10%, finished aluminium attracts 7.5% duty. Caustic soda lye import is taxed at 7.5% versus 5% on alumina

Chlorine prices have improved to negative of Rs 2,000-3,000 a tonne due to healthy demand