01 February 2013 16:15 [Source: ICIS news]
ORLANDO (ICIS)--US fatty alcohol prices are likely to edge lower in the first quarter, market sources said on the sidelines of the annual convention of the American Cleaning Institute (ACI), held this week in Orlando, Florida.
“The tanks are just full,” one source said, referring to supply tanks along the US Gulf coast and on the east coast.
With Q1 contracts settled, buyers continue to find attractive prices available for any off-contract volumes that might be sought.
“We settled our first-quarter contracts later than usual this time and got a better price,” one large buyer commented.
Mid-cut detergent range fatty alcohol Q1 contracts were assessed at 87-100 cents/lb (€0.64-0.74), dropping about 10 cents from Q4 2012.
Lower prices on the mid-cuts were heard this week, indicating that the price correction that has been taking place for several quarters has yet to find a bottom.
Mid-cut detergent range alcohols are a key feedstock for most surfactants.
Surfactant is a term referring to a large class that includes a variety of types and combinations of chemicals able to modify the surface tension of liquids and liquids-to-solids, thus forming the everyday detergents, wetting agents and emulsifiers found in numerous end-use products.
The ACI convention ends today.
($1 = €0.74)
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.
|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|
Asian Chemical Connections