12 May 2006 18:59 [Source: ICIS news]
“The current situation is very confusing and difficult. The prices of some products change before they reach their customers,” the distributor said, adding it had temporarily discontinued the practice of notifying customers of price hikes. “The prices had risen before the ink was dry.”
As refiners move away from the use of MTBE as an octane booster, demand for additives such as toluene and other aromatic solvents has increased, leading to several price hikes and volatility in aromatics. Climbing hydrocarbon prices have exacerbated the volatility, the distributor said.
During an 8-week period between early March and the end of April,
More price increases for aromatic solvents could be on the way. The US Energy Department has predicted the likelihood of higher crude oil and gasoline prices over the next few weeks if demand grows with the approach of summer.
Easy solutions are hard to come by, the
North American aromatic solvents producers include Citgo, ExxonMobil, Flint Hills Resources, Sun and Tauber.
North American aromatic solvents distributors include
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections