26 September 2013 17:46 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Tall oil fatty acids (TOFAs) and feedstock crude tall oil (CTO) supply has lengthened in recent weeks as refiners are running at higher rates to produce more rosin, market players said on Thursday.
Prices for September contracts are assessed down to reflect trading ranges heard for September business.
C18 TOFA (2%-6% rosin) on a delivered basis was assessed at 72-78 cents/lb ($1,587-1,720/tonne, €1,174-1,273/tonne).
Demand from the oilfield sector is said to have tapered back slightly, sources said.
TOFAs are a C18 fatty acid, a carbon length desired for use in oilfield applications, among other end-uses.
TOFA feedstock is CTO, produced by processes used in wood pulping, typically softwoods, and associated mainly with the paper milling business.
($1 = €0.74)
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