26 May 2008 00:00 [Source: ICB]
SPOT BULK CHEMICAL PRICES (* denotes nominal range)
|Naphtha||1,072.50-1,073.50 CFR Japan*||+53.25||1,080-1,085 CIF||+117.50||301.25-303 DEL USG||+0.5|
|Ethylene||1,460-1,490 CFR NEA*||+10||1,450-1,480 CIF*||nc||58-60.5 DEL*||+2.5|
|Propylene1||1,500-1,530 CFR NEA*||+50||€760-800 CIF*||-20||67.5-69*||+1.38|
|Butadiene||2,000-2,050 CFR NEA*||+25||1,700-1,800 FOB*||+75||87-93 CIF*||nc|
|Benzene||1,320-1,330 FOB Korea||+90||1,310-1,340 CIF||+60||$4.31-4.34/gal FOB HTC*||+0.16|
|Toluene||1,180-1,200 FOB Korea||+42.50||1,160-1,190 FOB*||+95||$3.65-3.67/gal FOB*||-0.01|
|Xylene4||1,205-1,225 FOB Korea*||+72.50||1,1401,185 FOB*||nc||$3.93-3.95/gal FOB HTC*||+0.23|
|Paraxylene||1,435-1,450 CFR Taiwan||+45||1,305-1,320 FOB*||+17.50||56.7-58.97 FOB*||-0.02|
|Orthoxylene||1,220-1,250 CFR NEA||+40||1,240-1,280 FOB*||+15||55.5-56.5 FOB*||nc|
|Styrene||1,580-1,600 FOB Korea||+95||1,610-1,620 FOB||+95||68.7-69.25 FOB USG||-0.53|
|Methanol||480-510 CFR China*||+50||€260-260 FOB||+5||111-137 FOB||-12|
|MTBE||1,140-1,150 FOB Singapore*||+35||1,190-1,210 FOB*||+80.50||$3.15-3.20/gal FOB USG*||+0.07|
|Ammonia||500-510 CFR Taiwan||nc||432-435 FOB Yuzhny||nc||$555-565 /tonne CFR USG||nc|
|Phenol||1,520-1,560 CFR CMP*||nc||1,430-1,510 FD*||+10||66-68 FOB*||nc|
CONTRACT BULK CHEMICAL PRICES
|Ethylene||1,038 Q2||61.5 Mar|
|Propylene1||927 Q2||69 May|
|Butadiene||980 Q2||77 May|
|Benzene||761 May||$3.87/gal May|
|Paraxylene||858 May||62.75 Apr|
|Orthoxylene||840 May||56.5 May|
|Styrene3||1,060-1,105 May||70.5-73.5 Apr|
|Methanol||295 Q2||150-152 cents/gal May|
|Ethylene glycol||56-58 May|
Prices contained in this magazine are gathered by ICIS pricing through consultation with producers, consumers and traders across Asia, Europe and the US. They are intended as a guide to price levels of recent business and reflect medium-to-large tonnage sales. ICIS Chemical Business and ICIS pricing accept no liability for commercial decisions that are based on the market information/prices reported in this magazine.
Abbreviations used are FOB (free on board), CIF (cost, insurance and freight), FCA (free carrier), CFR (cost and freight), DEL (delivered).
European contract prices are quoted on a free-delivered basis (FD), unless otherwise stated.
Initial, but unfixed, negotiating range is indicated (*), na = not applicable, nc = no change, + initial settlement. 1 = polymer grade, 2 = solvent grade, 3 = barge price, 4 = isomer grade
Spot prices in this issue are based on information that was available on May 22, 2008. Dollar prices are based on rates of exchange on May 19, 2008.
$1=€0.643 $1=£0.512 €1=£0.796
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