US July glycol ether prices fall on lower feedstock

23 July 2012 17:37  [Source: ICIS news]

HOUSTON (ICIS)--Contract prices for US glycol ethers for July have been assessed lower from the prior month, according to ICIS on Monday.

US butyl glycol (EB) and butyl di-glycol (DB) for July settled lower by 8-10 cents/lb from June levels in a reflection of lower prices for feedstocks butanol and ethylene.

EB for July was assessed at 83-85 cents/lb ($1,830-1,874/tonne, €1,519-1,555/tonne), down from 91-95 cents/lb in June.

DB prices also decreased at about the same rate, falling 8 cents/lb, to a range of 95-98 cents/lb, down from 103-104 cents/lb in the prior month.

Contract prices for propylene glycol methyl ether (PM) and propylene glycol methyl ether acetate (PMA) decreased for July to the range of 101-103 cents/lb, down from 113-115 cents/lb in June.

The lower assessments for PM and PMA resulted from several months of rapid declines in the price of feedstock propylene earlier in the year.

($1 = €0.83)

By: Frank Zaworski
+1 713 525 2653

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