14 September 2009 23:12 [Source: ICIS news]
HOUSTON (ICIS news)--Two global suppliers of fatty alcohols are seeking fourth-quarter price hikes, buyers said on Monday.
However, the absence of price moves by other US domestic producers and a number of importers led buyers to expect spotty implementation for the fourth-quarter increases.
To date, one US domestic supplier was confirmed announcing it would seek increases of 9 cents/lb ($198/tonne, €137/tonne) on a number of its fatty alcohols, including detergent range C12-14, buyers said.
Buyers confirmed a major Asian supplier was seeking to lift fourth-quarter prices on a number of its alcohols, including detergent range, by 7 cents/lb.
Third-quarter contract prices for C12-14 detergent range alcohols were assessed in a 57-64 cents/lb spread, according to global chemical market intelligence service ICIS pricing.
Detergent range C12-14 fatty alcohols are used in a variety of household and industrial cleaning products, such as textile washing powders and liquids as well as automobile and heavy-vehicle cleaning agents.
US domestic fatty alcohol producers include Procter & Gamble, Shell and Cognis. Importers include Kao of Japan, VVF and Godrej of India and Musim Mas of Malaysia among others.
Buyers and end users of fatty alcohols include most major detergent producers and numerous home and personal care product manufacturers.
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