23 July 2012 17:17 [Source: ICIS news]
HOUSTON (ICIS)--Contract prices for US oxo-alcohols for July have been assessed by about 10% lower from the prior month, according to ICIS on Monday.
US n-butanol for July settled lower by 10-12 cents/lb from June levels in a reflection of lower prices for feedstock propylene.
Butanol for July was assessed at 92-95 cents/lb ($2,028-2,094/tonne, €1,683-1,738/tonne)
Iso-butanol prices also decreased at about the same rate as butanol, falling 9 cents/lb, to a range of 114-116 cents/lb.
Iso-butanol in the US is trading at a premium to butanol because of restricted supply, sources said.
Contract and spot prices for 2-ethylhexanol (2-EH) have decreased significantly, with July contract prices in the range of 95-99 cents/lb, down from 135-137 cents/lb in May.
The lower assessment resulted from several months of rapid declines in the price of feedstock propylene earlier in the year.
Demand for butanol and isobutanol is steady while the demand for 2-EH and plasticisers is generally weak because of softness in the demand for polyvinyl chloride (PVC) and other materials used in the construction industry, sources said.
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