US July cumene contracts fall 2 cents/lb on benzene

02 July 2010 22:41  [Source: ICIS news]

HOUSTON (ICIS news)--US cumene prices for July fell by 2 cents/lb ($44/tonne, €35/tonne) from June, reflecting a 4% drop in the  contract for benzene, sources said on Friday.

July formula-based cumene prices dropped to 42-43 cents/lb.

The US July benzene contract settled at $2.82/gal, down 13 cents/gal, or 4%, from June.

The cumene formula price is driven by feedstocks benzene and refinery grade propylene (RGP).

The RGP spot average dropped to 40 cents/lb, down by 2 cents/lb from last month’s spot average.

Cumene is mainly used for phenol/acetone production.

Major US producers of cumene include Blue Island Phenol, Citgo, Dow Chemical, Flint Hills Resources, Georgia Gulf, INEOS, Marathon, and Shell.

($1 = €0.80)

For more on cumene visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Heather McGuire Doyle
+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