US July truck acetone prices increase on supply tightness

13 July 2012 20:26  [Source: ICIS news]

HOUSTON (ICIS)--US July truck acetone prices increased on supply tightness, sources said on Friday, rebounding from mid-June levels.

Truck acetone prices for July material were assessed by ICIS at 59-64 cents/lb ($1,301-1,411/tonne, €1,067-1,157/tonne) DEL trucks (delivered via trucks).

Early-June prices were assessed at 58-63 cents/lb, but values fell to 53-58 cents/lb in the middle of the month.

At the start of July, several US acetone producers nominated increases of 5 cents/lb, citing tight supply because of low operating rates.

“The price increases for truck acetone have taken well,” a producer said. “The orders have not slowed down any since it was implemented.”

Several distributors said they were pleased to see higher prices in the market.

“Everyone else’s cheap inventory finally ran out,” a distributor said. “Product is finally getting tighter.”

Sources said demand is mixed, with some reporting steady sales and others saying business is slow.

($1 = €0.82)

By: John Dietrich

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