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)
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