21 June 2011 21:37 [Source: ICIS news]
HOUSTON (ICIS)--An improvement in US supply of several chlorinated solvents has not been enough to meet demand or push prices lower, buyers said on Tuesday.
Buyers said that import availability from Asia is improving, especially for perc and TCE, but demand still outpaced supply.
Sources also said that Occidental Chemical (OxyChem) recently improved the capacity at its perc plant in Geismar, Louisiana. The level of increased capacity could not be confirmed, however.
In the methylene chloride market, sources said INEOS Chlor has replenished its stock tank and is no longer on allocation.
With the increase in supply and downward pressure from imports, some buyers reported receiving deals for chlorinated solvent material at lower-than-assessed levels.
However, a major producer said those deals were not typical, and were most likely from contracts with distributors that contained protection against prices rising too quickly.
Most buyers agreed, saying that they are paying some of the highest prices for material that they can remember.
Major US chlorinated solvent sellers are Dow Chemical, INEOS Chlor, OxyChem and PPG Industries.
To learn more about the chlorinated solvents visit ICIS chemical intelligence
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