27 March 2011 22:59 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)-The kicker added on to US phenol contracts based on the benzene-plus model is widening, several sources said on Sunday.
Traders and producers speaking on the sidelines of the International Petrochemical Conference (IPC) said the range of the kicker on US phenol contracts is between 8-16 cents/lb ($176-353/tonne, €125-251/tonne) depending on buyer size and delivery method.
A producer pegged the range higher, saying that most contracts were being done above 12 cents/lb, and that negotiating a kicker at 10 cents/lb was “very competitive”.
However, a trader said most US buyers were able to play producers against each other, netting kickers that were closer to 8 cents/lb.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
($1 = €0.71)
To learn more about phenol visit ICIS chemical intelligence
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