25 February 2011 22:18 [Source: ICIS news]
The new IPA contract price range is 89-92 cents/lb, before discounts, as assessed by ICIS.
IPA prices last increased in January, rising by 5 cents/lb on December CGP contract increases and propylene spot-price momentum.
Meanwhile, producers sought another 5 cents/lb effective on 1 February, though one buyer said its supplier had abandoned its February price push without explanation.
The move did not appear to be market-wide, but CGP rolled over in February.
Two producers said they had not backed away from their 5 cent/lb increases in February, citing still-elevated propylene costs and some renewed buy-side interest after customers pre-bought significant volumes in January.
US IPA suppliers include ExxonMobil, Dow Chemical, Shell, LyondellBasell, Sasol and Haltermann.
($1 = €0.72)
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