24 November 2010 20:41 [Source: ICIS news]
HOUSTON (ICIS)--Dow Chemical plans to increase prices by 5 cents/lb ($110/tonne, €83/tonne) for methylene chloride, perchloroethylene (perc) and trichloroethylene (TCE) in the Latin American market on the back of strong supply-demand fundamentals, a market source said on Wednesday.
The increase would be effective on 1 December or as contracts allow, the source said. Dow officials could not be reached for comment.
The price increase was a result of strong demand, fuelled by the refrigerant segment, and tight supply, which was affected by Dow closing down its perc plant in Aratu, Brazil in June.
ICIS does not track the base prices for the chlorinated solvents in Latin America.
In the US Gulf market, methylene chloride was at 50.00-60.00 cents/lb FOB (free on board), perc was at 70.00-75.00 cents/lb FOB and TCE was at 71.00-75.00 cents/lb FOB, as assessed by ICIS.
Each US Gulf chlorinated solvent price range is an all-time high.
($1 = €0.75)
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