27 October 2011 11:14 [Source: ICIS news]
CPC Corp may supply only the domestic market in
The company produces two types of aromatic solvent oil, S100 and S150.
A South Korea-based producer said a shortage of the feedstock, heavy reforming aromatics, has caused many producers to suspend the production of solvent oils in the fourth quarter, resulting in a supply gap and the prices of solvent oils to rise in
Asia solvent oil prices have gone up by $20-30/tonne (€14-22/tonne) since early October to around $1,120/tonne FOB (free on board)
However, most Chinese buyers are adopting a wait-and-see stance as they deem prices to be too high amid weak demand, traders said.
($1 = €0.72)
For more information on aromatics, visit ICIS chemical intelligence
|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