08 March 2010 21:50 [Source: ICIS news]
HOUSTON (ICIS news)--Tightness in the export market for US oxo-alcohols has helped keep prices on the uptrend, a source said on Monday.
Export prices for isobutanol were near $1,700/tonne (€1,241) FOB (free on board) US port for shipment to South America and Asia, up about $50/tonne from recent weeks, an exporter said.
The price of 2-ethylhexanol (2-EH) was in the mid-$1,600s/tonne for export.
Recent production disruptions have limited the supply of US oxo-alcohols available for shipment elsewhere.
Current freight rates from the US to South America are $65-$70/tonne for bulk material.
With sales controls on oxo-alcohols in place by several producers, only one company was active in the export market last week, a source said.
Demand for US oxo-alcohols was particularly strong in Columbia and Venezuela, sources said.
In 2009, US companies exported 30,224/tonnes of isobutanol and 94,996/tonnes of 2-EH, according to data from the US International Trade Commission (ITC).
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