US February PA contracts up by 6 cents/lb

21 February 2012 22:14  [Source: ICIS news]

HOUSTON (ICIS)--US phthalic anhydride (PA) February contracts increased by 6 cents/lb ($132/tonne, €100/tonne) from January, following higher prices for feedstock orthoxylene (OX), sources said on Tuesday.

PA contracts typically reflect the previous month’s OX price, which settled higher by 6 cents/lb at 62 cents/lb for January.  

The February contract for molten-grade PA was assessed by ICIS at 78-85 cents/lb, from 72-79 cents/lb in January, while flake-grade was assessed at 79-86 cents/lb, up from 73-80 cents/lb in January.

PA is a key intermediate in the production of plasticisers, which are used to make products such as flexible polyvinyl chloride (PVC).

Major US PA producers include BASF, Koppers, and Stepan.

($1 = €0.76)

By: Blanca Venegas

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