11 September 2013 21:08 [Source: ICIS news]
HOUSTON (ICIS)--Fourth-quarter US fatty alcohol contract negotiations are underway, although no price initiatives have been announced, buyers and sellers said on Wednesday.
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Price ideas were widely mixed between buyers and sellers in both heavy chain C16-18 alcohols and in the mid-cut C12-14 to C12-16 blended alcohols.
The mid-cut detergent-range alcohols of C12-14 to C12-16 blends were considered to be carrying some upward pressure, bolstered largely on good demand factors.
“We have seen some contract offers at 1-2 cents/lb up, but we have also had some offers at rollover from the third quarter,” one buyer said about the mid-cut alcohols.
General price sentiment on the heavy chain is that a rollover from the third quarter is likely to take place.
However, some buyers’ input points to lower price expectations.
“Some special deals are being cut,” one buyer said.
Mid-cut detergent range alcohol contracts were assessed at 83.50-96.00 cents/lb ($1,841-2,116/tonne, €1,381-1,587/tonne) for the third quarter.
Third-quarter heavy chain alcohols were last assessed at 80.00-92.00 cents/lb.
($1 = €0.75)
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