14 October 2009 22:35 [Source: ICIS news]
HOUSTON (ICIS news)--Fourth-quarter contracts for US detergent-range fatty alcohol contracts rose slightly from the third quarter, buyers said on Wednesday.
Fourth-quarter contracts were assessed at 60-65 cents/lb ($1,323-1,433/tonne or €886-960/tonne), according to global chemical market intelligence service ICIS pricing.
Third-quarter detergent-range fatty alcohols were assessed at 57-64 cents/lb.
Initiatives of up to 9 cents/lb were sought by at least one major multi-national supplier, with up to 7 cents/lb sought by a large Asian producer.
Other suppliers were not clear in following the initiatives, leaving buyers convinced that implementation would be spotty, sources said.
“The top end just didn’t move much,” one buyer said.
Detergent-range alcohols, also called mid-cut alcohols or C12-14s, represent one of the largest tiers in the global market because they have numerous applications in household and industrial cleaning agents, also known as surfactants.
The wide range of products stretches from textile washing powders and liquids to automobile and heavy-vehicle cleaners.
US domestic fatty alcohol producers include Procter & Gamble, Shell and Cognis. Producers that export to the US include Kao of Japan, VVF and Godrej of India and Musim Mas of Malaysia.
Buyers and end users of mid-cut alcohols include most major detergent producers and numerous home and personal care product manufacturers.
($1 = €0.67)
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