UpdateUS PA contract values roll over in March on steady feedstock OX

05 March 2013 22:45  [Source: ICIS news]

NEW YORK (ICIS)--US phthalic anhydride (PA) contract prices were rolled over in March based on the feedstock orthoxylene (OX) February contract price being settled at a rollover, sources confirmed on Tuesday.  

The March PA contract prices are at 87.50-94.50 cents/lb ($1,929-2,083/tonne, €1,485-1,604/tonne) FOB molten and 88.50-95.50 cents/lb DEL flake.

The monthly US PA contract follows the movement of the OX contract price in the previous month. The US OX contract price for February is at 71.50 cents/lb FOB, said market sources.

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 = €0.77)

By: Feliza Mirasol
+1 713 525 2653

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