13 January 2009 23:59 [Source: ICIS news]
Methylene chloride prices fell as result of thin demand and the low methanol settlement, players said. The range was pegged at €390-440/tonne ($522-589/tonne) free delivered (FD) northwest
One source said €380/tonne FD for methylene chloride was possible in southern
January chloroform slipped by €15/tonne this week, and the price was pegged at €625-685/tonne FD NWE and $480-520/tonne FOB NWE.
This slight decline was attributed to waning demand and the low first quarter methanol settlement. According to a source, the chloroform market was not as deeply affected by the current macroeconomic climate as it was more of a niche and captive market.
Lower consumption of chloroform was a seasonal characteristic of the time of year, a producer said, as refrigerants were not top of the agenda during winter months.
Trichloroethylene (TCE) demand was reported to be better than it was in December, but it was still weaker than in previous years.
TCE prices slipped to €880-970/tonne FD NWE and $810-865/tonne FOB NWE this week. The low ethylene settlement was the main reason for the drop, according to sources.
A trader said that TCE was actually around €750/tonne FD NWE and $600/tonne FOB NWE after the plunge in upstream ethylene prices.
A producer disagreed however, saying that producers would not sell at such a price. No benefit would be gained from such a transaction, so there would be no point in giving so much away, it added.
The perchloroethylene (PCE) market had been hit harder than trichloroethylene (TCE) by the financial crisis and feedstock movements.
Prices fell to €500-550/tonne FD NWE and $580-610/tonne FOB NWE this week. Players attributed the drop to the low ethylene settlement and the poor macroeconomic situation. Q1 would be slow, a participant added.
For all chlors, chlorine was becoming little hard to come by as a result of the PVC situation and players were looking to other derivatives to get chlorine, a participant said.
INEOS ChlorVinyls announced it would close its TCE and PCE assets at
($1 = €0.75)
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|