USG, Asia chem freight rates rise $12.50/tonne on tightening space

28 June 2013 19:57  [Source: ICIS news]

HOUSTON (ICIS)--US Gulf-to-Asia chemical freight rates rose $12.50/tonne (€9.63/tonne) this week on tightening vessel space from aromatics traffic, sources said on Friday.

Rates on the USG-Asia route rose to $90-100/tonne for cargoes of 2,000 tonnes or larger, compared with $80-85/tonne previously, brokers said.

Rates remained unchanged for larger cargoes of 5,000 tonnes or more, at $63-68/tonne.

The SSY Base Oils Report said July carriers on the route would likely fill ships quickly.

Brokers said the route added two styrene cargoes, a paraxylene (PX) parcel and a shipment of ethylene dichloride (EDC) this week, all headed from the US Gulf to points in southeast Asia or China.

($1 = €0.77)

By: Lane Kelley
+1 713 525 2653

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