01 April 2012 20:30 [Source: ICIS news]
HOUSTON (ICIS)--US oxo-alcohol markets saw a round of 8-10 cent/lb increases implemented in the second half of March as higher costs for feedstock propylene pushed prices higher heading into Sunday's International Petrochemical Conference (IPC).
On top the March increases, oxo-alcohol producers have announced additional increases of about 5 cents/lb for n-butanol, isobutanol and 2-ethylhexanol (2-EH), to be effective on 1 April.
Tepid demand for downstream paints, coatings and plasticisers does not warrant further increases, a trader said prior to the IPC.
With the latest increases, prices for butanol in the US were in the range of 102-107 cents/lb ($2,249-2,359/tonne).
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday in San Antonio, Texas.
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