17 October 2008 21:32 [Source: ICIS news]
The October formula-based cumene price fell by just over 4 cents/lb ($88/tonne, €65/tonne) from September to 59.22-59.61 cents/lb, according to global chemical market intelligence service ICIS pricing.
US cumene contract prices for September previously dropped nearly 10% when feedstock propylene (C3) values took a nose dive.
The cumene formula price is based on the prices of refinery grade propylene (RGP) and benzene.
RGP was assessed at 50-51 cents/lb for October, down 5.5-7.0 cents from September.
Cumene suppliers include Flint Hills Resources,
($1 = €0.74)For more on cumene visit ICIS chemical intelligence
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