Dow proposes hikes for N America butac, oxygenated solvents

08 December 2009 22:52  [Source: ICIS news]

HOUSTON (ICIS news)--Dow Chemical plans to raise prices by 3-5 cents/lb on butyl acetate (butac) and other oxygenated solvents products in North America, effective on 1 January, the company said on Tuesday.

A buyer called Dow "very optimistic" regarding the proposed butac increase of 3 cents/lb ($66/tonne, €44/tonne).

Dow also wants 3-5 cent/lb increases on n-butanol (NBA), isobutanol, 2-ethylhexanol (2-EH), methyl isobutyl ketone (MIBK), propylene glycol methyl ether, propylene glycol methyl ether acetate, ethylene glycol monobutyl ether and diethylene glycol monobutyl ether among others.

Dow attributed the price hike proposals to increased raw material costs.

US chemical-grade propylene (CGP), a feedstock for butac and many other petrochemicals, has risen by 15% since mid October, when it was priced at 45.5 cents/lb. CGP contracts for December settled at 52.50 cents/lb, sources said.

The US oxo-alcohols market, which includes butac feedstock n-butanol, has increased by a net 6-7 cents/lb since September.

US butac contract prices during the week ended 8 December were assessed at 70-74 cents/lb, with distributor prices at 75-80 cents/lb and spot free on board (FOB) prices at 64-69 cents/lb, according to global chemical market intelligence service ICIS pricing.

($1 = €0.67)

To discuss issues facing the chemical industry go to ICIS connect

By: Lane Kelley
+1 713 525 2653

AddThis Social Bookmark Button

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.

Printer Friendly

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