Oxea transfers Europe DOP sales, marketing to France's Arkema

14 January 2011 14:54  [Source: ICIS news]

LONDON (ICIS)--Oxea has transferred all its sales and marketing of dioctyl phthalate (DOP) to French producer Arkema, a source at the latter company said on Friday.

“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 Chauny, France, is 70,000 tonnes/year.

Oxea's DOP capacity at Oberhausen, Germany, was 75,000 tonnes/year but this was shut down at the end of 2009 as a first step towards the sales and marketing transfer.

($1 = €0.75)

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By: Sian Jones
+44 20 8652 3214

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