11 December 2013 19:17 [Source: ICIS news]
HOUSTON (ICIS): According to data available on Wednesday, chemical manufacturers Oxea and Dow Chemical Canada seek to raise prices for oxo-alcohols in North America, effective on 1 January or as contracts allow.
Oxea announced off-list price increases of 8 cents/lb ($176/tonne, €128/tonne) for n-butanol (NBA) and isobutanol (IBA) for the US, Canada and Mexico.
Dow is looking to increase list and off-list prices for n-butanol, isobutanol and 2-ethylhexanol (2EH) by 8 cents/lb. Dow specified that the price increase is accompanied by a strict 100% order control, based on average orders for the last six months.
The forward momentum in oxo-alcohol prices has been attributed to recent increases in the costs of feedstock propylene. Manufacturers are looking to get ahead of expected further propylene price increases in the new year.
Eastman Chemical announced its own oxo-alcohol price increases on Monday of 3 cents/lb for n-butanol, isobutanol and 2EH. Eastman cited raw materials as a reason for its price increase.
ICIS-assessed oxo-alcohol prices are at a range of 88-95 cents/lb for n-butanol, 125-130 cents/lb for isobutanol and 100-102 cents/lb for 2-EH.
($1 = €0.73)
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