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)
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