10 July 2008 21:18 [Source: ICIS news]
HOUSTON (ICIS news)--A US fatty acid producer on Thursday nominated a 2 cent/lb ($44/tonne) price hike for tallow-based fatty acids based on escalating feedstock costs.
The producer said it was seeking to apply the increase to C18 stearic acid triple pressed, C18 stearic acid rubber grade, and C18:1 oleic acid prices on 1 August.
The increase is based on rising feedstock tallow prices during the month of June and further increases forecast for July, the producer said.
Another producer also said it would likely push for higher prices in August on a feedstock cost basis, but noted that predicting tallow prices has become increasingly difficult because of the myriad factors that influence the tallow market.
C18 stearic acid triple pressed and C18 stearic acid rubber grade prices were assessed in the 62-65 cent/lb and 57-60 cent/lb ranges on 9 July, according to global chemical market intelligence service ICIS pricing.
C18:1 oleic acid was assessed at 75-80 cents/lb on 9 July by ICIS pricing.
US fatty acid producers include Proctor and Gamble, Cognis, Uniqema, Dial, and PMC Biogenix.
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