US PA August contracts drop 5 cents/lb

14 August 2012 22:07  [Source: ICIS news]

MIAMI, Florida (ICIS)--US phthalic anhydride (PA) August contracts were been assessed down on Tuesday by 5 cents/lb ($110/tonne, €89/tonne) from July, following a lower US orthoxylene (OX) July contract.

PA contracts typically reflect the previous month’s OX price, which was settled at 59.00 cents/lb in July, down by 5 cents/lb from June.

The August contract for molten-grade PA was assessed by ICIS at 75.00-82.00 cents/lb, while flake-grade was assessed at 76.00-83.00 cents/lb.

A PA buyer said August prices have been heard closer to 74.00-81.00 cents/lb for molten, and 77.00-84.00 cents/lb for flake grade PA.

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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