Key chemical prices

25 January 2010 00:00  [Source: ICB]

Correction: In the table titled "Contract bulk chemical prices," please note that the European methanol price should read €235/tonne for Q1, instead of €245/tonne. A corrected story follows.

SPOT BULK CHEMICAL PRICES (* DENOTES NOMINAL RANGE)

Asia			Europe		US
	$/tonne	Change	$/tonne	Change	cents/lb	Change
Naphtha	750-754 CFR Japan*	+2	696-706 CIF *	-19	196.5-197.75/gal DEL *	-5.25
Ethylene	1,300-1,330 CFR NEA*	+50	1,160-1,210 CIF*	-25	43-44 DEL	-0.38
Propylene 1	1,240-1,260 CFR NEA *	-5	€850-860 CIF *	+15	54-55 *	nc
Butadiene	1,880-1,920 CFR NEA *	+125	1,350-1,380 FOB*	nc	63-66 CIF *	nc
Benzene	1,045-1,055 FOB Korea	+15	1,070-1,090 CIF	-22.50	$3.70-3.72/gal FOB HTC *	-0.09
Toluene	940-950 FOB Korea*	+20	870-890 FOB *	-15	$2.65-2.75/gal FOB *	-0.10
Xylene 4	940-950 FOB Korea *	-15	880 910 FOB *	nc	$2.97-3.03/gal FOB HTC *	-0.08
Paraxylene	1,105-1,115 CFR Taiwan *	-15	1,025-1,045 FOB*	-5	48.08-49.21 FOB *	-1.82
Orthoxylene	1,140-1,150 CFR NEA *	+5	950-1,000 FOB *	nc	47-49 FOB*	nc
Styrene	1,320-1,330 FOB Korea *	+25	1,265-1,280 FOB *	-17.50	58-59.5 FOB USG *	-0.75
Methanol	330-340 CFR China *	+20	€210-217 FOB *	+4.50	95-98/gal FOB *	+0.5
MTBE	820-840 FOB Singapore *	+2.50	826-827 FOB *	+31	$2.30-2.35/gal FOB USG*	nc
Ammonia	345-350 CFR Taiwan	nc	275-280 FOB Yuzhny *	+10	$300-305/tonne CFR USG	-1.50
Phenol	1,350-1,400 CFR CMP *	nc	€1,189-1,239 FD *	nc	57-59 FOB *	+2

CONTRACT BULK CHEMICAL PRICES

	Europe	US
	€/tonne	cents/lb
Ethylene	870 Jan	43 Dec
Propylene 1	790 Jan	57 Jan
Butadiene	950 Q1	63 Jan
Benzene	759 Jan	$3.55 Jan
Toluene	$855-870 Jan	-
Xylene	-	$2.95/gal Jan
Paraxylene	800 Jan	53.75 Jan
Orthoxylene	690 Jan	48 Jan
Styrene 3	1,018 Jan	58.98-61.48 Dec
Methanol	235 Q1	108-110 cents/gal Jan
Ammonia	-	$300/tonne Jan
Ethylene glycol	-	37-40 Dec
Ethanol	61-64/HLT	$3.20-3.30/gal Jan

Prices contained in this magazine are gathered by ICIS pricing through consultation with producers, consumers and traders across Asia, Europe and the US. They are intended as a guide to price levels of recent business and reflect medium-to-large tonnage sales. ICIS Chemical Business and ICIS pricing accept no liability for commercial decisions that are based on the market information/prices reported in this magazine.

Abbreviations used are FOB (free on board), CIF (cost, insurance and freight), FCA (free carrier), CFR (cost and freight), DEL (delivered).

European contract prices are quoted on a free-delivered basis (FD), unless otherwise stated.

Initial, but unfixed, negotiating range is indicated (*), na = not applicable, nc = no change, + initial settlement. 1 = polymer grade, 2 = solvent grade, 3 = barge price, 4 = isomer grade

Spot prices in this issue are based on information that was available on January 21, 2010. Dollar prices are based on rates of exchange on January 18, 2010. $1=€0.696; $1=£0.615; €1=£0.884

By: Andy Brice
+44 20 8652 3214

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