14 October 2011 22:14 [Source: ICIS news]
HOUSTON (ICIS)--The US October contracts for the oxo-alcohols n-butanol, isobutanol and 2-ethylhexanol (2-EH) decreased from September, market sources said on Friday.
Contract prices for n-butanol are assessed for October at 98–100 cents/lb ($2,160–2,205/tonne, €1,555–1,588/tonne), down from a range of 108–110 cents/lb in September.
Isobutanol is assessed about 5 cents/lb lower for October to a range of 123–127 cents/lb, down from 128–132 cents/lb last month.
October contract prices for the plasticiser 2-EH also slipped by 5 cents/lb to a range of 130–135 cents/lb.
Sellers dropped prices in response to plummeting prices for feedstock propylene and decreased demand from buyers who have been slowing purchases in an effort to reduce inventories, a trader said.
Buyers have seen weak demand for solvents and plasticisers primarily due to stagnant residential and commercial construction activity, sources said.
($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