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)

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By: Gene Lockard
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