Mitsui Phenol Singapore raises 2H Jan acetone price to $1,180/tonne

16 January 2013 02:06  [Source: ICIS news]

MELBOURNE (ICIS)--Mitsui Phenol Singapore, a unit of Japan’s Mitsui Chemicals, has increased its second-half January acetone price by $20/tonne (€15/tonne) to $1,180/tonne because of hefty gains in feedstock benzene and propylene costs, a company source late on Tuesday.

The producer's first-half January acetone price was increased by $30/tonne to $1,160/tonne ex-tank Singapore.

The company announces its acetone ex-tank price twice a month.

Earlier in the month Mitsui Phenol Singapore had announced an increase in its January phenol price by $120/tonne to $1,770/tonne ex-tank Malaysia.

The company announces its phenol ex-tank price on a monthly basis.

Operating rates at Mitsui Phenol Singapore’s phenol/acetone plant at Jurong Island in Singapore, which can produce 300,000 tonnes/year of phenol and 180,000 tonnes/year of acetone, were slashed to 60% capacity in January from 80% capacity in December because of weak margins.

($1 = €0.75)


By: Trisha Huang



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index