08 November 2013 19:53 [Source: ICIS news]
HOUSTON (ICIS)--US Gulf-to-Asia chemical freight rates rose $10/tonne (€7.4/tonne) this week on increased traffic from year-end momentum, brokers said on Friday.
Rates increased on shipments of 5,000 tonnes to $95-100/tonne from $85-90/tonne previously.
On 2,000-tonne shipments, rates rose to $115-125/tonne from $105-115 previously.
This is the sixth increase on the US Gulf-to-Asia route since late June. The latest SPI Marine report called the route buoyant and “very active with China’s appetite for product remaining firm".
SPI said rates should remain firm through the end of the year because of strong contract business and “higher than normal” spot activity.
The SSY Base Oil Report said the route has been busy from aromatics and glycols traffic.
($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