10 March 2009 15:42 [Source: ICIS news]
The buyer’s March price is up 0.5 cents/lb from its February settlement of 28 cents/lb.
The February large-buyer price has not become industry-wide yet, as some of the major parties remained in negotiation. Initial settlements put the February price at 28-30 cents/lb.
Sellers have been pushing for increases due to higher propylene costs from January and tight supply.
Producers continue to run at rates below 50% due to weak demand for co-product phenol. This has resulted in tight supply for acetone.
January’s large-buyer price for acetone settled at 22 cents/lb, according to global chemical market intelligence service ICIS pricing.
Major acetone buyers include Lucite, Evonik and Rohm and Haas. ?xml:namespace>
($1 = €0.79)For more on acetone visit ICIS chemical intelligence
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