KeyBanc sees prices rising in certain markets after Olin declares force majeure
** Brokerage KeyBanc Capital Markets sees chemicals maker Olin Corp's OLN.N system-wide force majeure for some product and aromatic shipments due to Hurricane Beryl being a positive for certain markets
** Brokerage sees a short-term positive for the U.S. caustic soda, polyvinyl chloride (PVC) and U.S./European methylenediphenyl diisocyanate (MDI) prices
** The effect of outages at OLN will be temporary and prices will likely fluctuate in a fairly moderate range in the coming months - KeyBanc
** "OLN's downtime is potentially of a more significant magnitude ... it is not customary for OLN to declare force majeure, which indicates the length of the outage may be longer in nature" - brokerage
** Brokerage says domestic caustic soda market could tighten if OLN's force majeure lasts longer than two to three weeks
** Customers that can potentially be affected by OLN's outage are Dow DOW.N, Huntsman HUN.N, and Corteva CTVA.N - KeyBanc
Reporting by Vallari Srivastava in Bengaluru
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