09 May 2006 18:14 [Source: ICIS news]
HOUSTON (ICIS news)--Tauber was seeking US price increases for toluene and xylene as the phase-out of methyl tertiary butyl ether (MTBE) as a gasoline blend continued to drive the market, a Tauber source said on Tuesday.
The price hike was scheduled to begin 15 May and would increase the price of US Gulf Coast toluene by 2 cents/pound ($44.08/tonne) and the price of xylene by 1 cent/pound ($22.04/tonne).
The MTBE phase-out “has refiners looking for all the [toluene and xylene] additives they can get,” the source said.
Toluene, xylene are among the additives in demand as gasoline octane boosters as refiners move away from MTBE as an additive.
Toluene and xylene producers in
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