US July PA contracts fall 4 cents/lb on feedstock

10 July 2012 20:59  [Source: ICIS news]

MIAMI, Florida (ICIS)--US phthalic anhydride (PA) July contracts have decreased by 4 cents/lb ($88/tonne, €71/tonne), following the drop in the US orthoxylene (OX) June contract.

The July contract for molten-grade PA was assessed by ICIS at 80-87 cents/lb, while flake-grade was assessed at 81-88 cents/lb.

PA contracts typically reflect the previous month’s OX price, which was settled at 64 cents/lb in June, down by 4 cents/lb from May.

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 = €0.81)

By: Blanca Venegas

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