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



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