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Caustic soda declines on reduced offtake

20 Jun 2011 Evaluate

Prices of caustic soda declined by Rs 50 per 50 kg in the national capital and the fall were largely influenced by reduced offtake by consuming industries against fresh arrivals from the producing regions. Caustic soda flake fell by Rs 50 to Rs 1,300-1,400 per 50 kg.

Traders attribute the reduced offtake by consuming industries against increased arrivals from the producing belts were the major factors in pulling down caustic soda prices at the wholesale chemical market.

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