The White spirit market is covered by ICIS weekly in Europe. The trustworthy price assessments cover spot activity in Rotterdam, northwest Europe and the UK. Our locally-based reporters will keep you up-to-date with market activity and this useful tool can assist you when making important business decisions.
The market intelligence within the commentary can include a general overview, upstream and downstream news, demand/supply updates and any other factors influencing prices at the time.
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White spirit news and market information products from ICIS
We offer the following regional White spirit analysis and news coverage to keep you informed of factors and developments affecting prices in the White spirit marketplace.
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White spirit: Market overview
Updated to Q3 2014
White spirit is still a substantial market in Europe, although a trend to de-aromatised product is leading to a pronounced decline in the UK, where purchases are becoming increasingly infrequent. Some sources say trade in traditional product could virtually disappear in one-to-two years. It is also said to be dogged by inadequate margins there.
White spirit values are chiefly driven by the cost of its precursor, jet kerosene, as illustrated by the modest increase in the last three months. Spot demand for European jet kerosene was picking up at the end of June and is traditionally high in the third quarter as more people take to the skies during the holiday travelling season.
However, crude oil price volatility caused by geopolitical tensions in the Middle East is expected to hamper buying interest as uncertainty over upstream costs continue. There are mixed views about availability going forward as one section of market are not able to secure required volumes while others have noted storage tanks are filled to a reasonably high level.
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White spirit news & analysis
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White Spirit Methodology
About White spirit
White Spirit is a flammable, colourless and volatile liquid.
White spirit is used mainly as a solvent in the decorative gloss paints market and the ink industry. It is also used in alkyd resin production and industrial cleaning.
There is large demand from the wood preservative industry and companies engaged in the do-it-yourself (DIY) sectors.