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)
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