White Spirit Methodology
White spirit is used mainly 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 DIY sectors. White Spirit is a flammable, colourless and volatile liquid.
ICIS pricing quotes White Spirit in Europe.
Published weekly on Fridays.
White Spirit (EUROPE)
Weekly Price Assessments
White Spirit Spot Prices
- FOB RDAM T2 EXP (USD/MT & conversion to US CTS/LB)
- FD NWE (EUR/MT & conversion to US CTS/LB)
White Spirit Feedstock Prices
- NAPHTHA FOB BARGES ARA (USD/MT) (Thursday price assessment)
- JET KEROSENE FOB BARGES ARA (USD/MT) (Thursday price assessment)
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.
ICIS pricing quotes product with a minimum density of 0.770g/ml at 15°C, a distillation range of 145-200°C, and a minimum aromatics content of 15%.
Cargoes loading or delivered four-six weeks forward from the date of publication.
30-60 days after bill of lading date.
Standard cargo size:
ICIS pricing covers freight delivered by ship and truck. 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.
The report offers market commentary that includes details of traced transactions, news on the supply/demand balance, export/import information, contract price negotiations and general sentiment for price direction. Where applicable there is product information, comments on up and downstream market developments and general market intelligence. 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.
18 July 2012