US aliphatic solvent Oct price hike proposed amid high crude values

14 October 2010 22:37  [Source: ICIS news]

HOUSTON (ICIS)--A 3-cent/lb ($66/tonne, €48/tonne) price increase for US aliphatic solvents was proposed for 21 October due to snug supply and continued strength in the crude oil and gasoline markets, a producer said on Thursday.

The new price-hike proposal would be applied to mineral spirits, hexane and other aliphatics, the producer said.

Buyers were not immediately available for comment. However, another producer had proposed a similar 3-cent/lb increase on aliphatics earlier in the month amid the rise in energy prices.

US Gulf mineral spirits were priced in the 45.0-49.0 cents/lb DEL (delivered) range when transportation and the distributor mark-up were added, while hexane values were 52.5-57.0 cents/lb, as assessed by ICIS.

Aliphatic solvents are used in a variety of construction and manufacturing applications.

US aliphatic solvents producers include Calumet, ConocoPhillips, Citgo, Shell and ExxonMobil.

($1 = €0.72)

To discuss issues facing the chemical industry go to ICIS connect


By: Gene Lockard
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

ICIS news FREE TRIAL
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