US oxo-alcohol prices decrease for October

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 98100 cents/lb ($2,1602,205/tonne, €1,555–1,588/tonne), down from a range of 108110 cents/lb in September.

Isobutanol is assessed about 5 cents/lb lower for October to a range of 123127 cents/lb, down from 128132 cents/lb last month.

October contract prices for the plasticiser 2-EH also slipped by 5 cents/lb to a range of 130135 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)

By: Frank Zaworski
+1 713 525 2653

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