US March PA contracts rise by 7 cents/lb on higher feedstock

20 March 2012 16:28  [Source: ICIS news]

HOUSTON (ICIS)--US phthalic anhydride (PA) March contracts have increased by 7 cents/lb ($154/tonne, €117/tonne) in line with the US orthoxylene (OX) February contract, industry sources said on Tuesday.

The March contract for molten-grade PA was assessed by ICIS at 85-92 cents/lb, while flake-grade was assessed at 86-93 cents/lb.

PA contracts typically reflect the previous month’s OX price, which settled at 69 cents/lb in February, up by 7 cents/lb from 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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