14 January 2011 14:54 [Source: ICIS news]
“This came into effect on 1 January and makes Arkema the market leader of DOP,” said the source. The transfer was also confirmed by oxo-chemicals producer Oxea.
DOP producers were targeting price increases of around €100/tonne ($133/tonne) for January sales to cover the recent propylene hike of €110/tonne over December.
“Availability is its main driver but of course higher propylene costs need to be recovered too,” a source said.
The source added that its prices this week were at no lower than €1,600/tonne FD (free delivered) NWE (northwest Europe) but said that some trucks were possible at €1,700/tonne into southern Europe, which was typically priced a little higher.
It intended to achieve €1,630-1,700/tonne FD NWE by the end of January.
Current DOP pricing was at €1,550-1,630/tonne FD NWE, pending confirmation of business at the sought-after firmer levels.
Arkema's DOP official nameplate capacity at ?xml:namespace>
Oxea's DOP capacity at
($1 = €0.75)
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