15 October 2012 17:47 [Source: ICIS news]
HOUSTON (ICIS)--US glycol ethers contract prices that rolled over from September into October are likely to remain at that level until the new year, a source said on Monday.
With seasonally weak downstream markets for solvents and steady feedstock prices, buyers are not expected to add to inventories of glycol ethers without a better indication of where prices might be in the first quarter of 2013, a trader said.
Butyl di-glycol (DB) was also steady from September and assessed in a range of 96-98/cents lb.
Propylene glycol methyl ether (PM) and the acetate form (PMA) were assessed steady at 102-104 cents/lb.
Only one producer had nominated an increase for October, but a source said that producer backed off when other producers did not move.
US producers of glycol ethers include Eastman Chemical, LyondellBasell, Sasol and Dow Chemical.
($1 = €0.77)
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