Mitsui sets $100/t hikes on March phenol, acetone

27 February 2008 01:38  [Source: ICIS news]

KUALA LUMPUR (ICIS news)--Japanese producer Mitsui Chemicals has announced hikes of at least $100/tonne (€67/tonne) in the phenol and acetone Asian contract price (ACP) for March from the previous month, the company said in a statement released late on Tuesday.

The price increases were nominated due to tightening supply in the region on a spate of plant turnarounds scheduled in the second quarter, the company said.

Mitsui, Asia’s largest phenol-acetone producer, pegged its phenol March ACP at $1,650/tonne CFR (cost and freight) China, inclusive of 6% anti-dumping duties, a $100/tonne increase over February fixtures.

The company also proposed a $120/tonne increase for acetone prices in March to $1,230/tonne CFR China, inclusive of 11.9% anti-dumping duties.

($1=€0.67)

For more on phenol and acetone visit ICIS chemical intelligence

By: Jeremiah Chan
+65 6780 4359

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 28 October 2009)

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.

Printer Friendly