Hexane Methodology

Hexane is used in a number of applications, namely vegetable oil extraction, adhesive manufacturing and pharmaceuticals.

Hexane is a solvent, mainly used in vegetable oil extraction, low temperature thermometers, calibrations, polymerisation reaction medium, paint diluent and alcohol denaturant. It is a flammable, colourless, volatile liquid and has a faint odour.

ICIS pricing quotes hexane in Europe and the US Gulf.

The US Gulf assessments are contained in the Aromatic and Aliphatic Solvents report. For details please see separate entry.

Freqency:

Published weekly in Europe on Fridays.

Hexane (Europe):

Weekly Price Assessment:

Hexane Spot Prices

• FOB RDAM (USD/MT & conversion to EUR/HLT)
• FD NWE (EUR/MT)

Hexane Feedstock Spot Prices

• NAPHTHA FOB Barges ARA (USD/MT) (Thursday price assessement)

General Information:

Assessment Window:

Price assessments are based on information supplied by market participants through the week up to close of business on Fridays at 1800 hours in London.

Specification:

ICIS pricing quotes are based on product with a minimum density of 0.655 g/ml at 15ºC.

Timing:

Cargoes loading or delivered four to six weeks forward from the date of publication.

Terms:

30-60 days after bill of lading date.

Standard Cargo Size:

ICIS pricing covers freight delivered by ship and truck. In Europe, the standard parcel size is 500-1,000 tonnes for the FOB RDAM export quote, and 20-25 tonnes for the FD NWE quote on a truck-delivered basis.

Assessment Basis:

Spot price assessments are based on information gathered throughout the week from market players comprising producers, end-users and traders. The process of evaluation takes into consideration rumoured, reported and confirmed deals; bids and offers; and buying and selling indications. In the absence of trades, the published price range may be adjusted on a notional basis to accurately reflect the levels at which trading activity could take place. Factors such as deep-sea cargo movements; supply/demand balance; plant operating rates; feedstock and derivative markets; and general market sentiment are also taken into account.

18 July 2012