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 ?xml:namespace>
Aliphatic solvents are used in a variety of construction and manufacturing applications.
US aliphatic solvents producers include
($1 = €0.72)
To discuss issues facing the chemical industry go to ICIS connect
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.
|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|
Asian Chemical Connections