Corrected: Price increases announced for US Gulf toluene, xylene

26 November 2013 17:39 Source:ICIS News

Correction: In the ICIS story headlined "Price increases announced for US Gulf toluene, mixed xylenes" dated 26 November 2013, please read the headline as "Price increases announced for US Gulf toluene, xylene" instead of "mixed xylenes". Please read throughout ... xylene ... instead of ... mixed xylenes... A corrected story follows.

HOUSTON (ICIS)--Two distributors have announced price increases for US Gulf (USG) toluene and xylene, both on a DEL (delivered) basis, effective 1 December due to higher barge prices, market sources said on Tuesday.

One distributor has announced a 4 cents/lb ($88/tonne €65/tonne) increase for toluene and 2 cents/lb for xylene, with the possibility of more adjustments on 3 December if necessary, market sources said.

Another distributor, also citing higher distribution costs tied to the more costly barge transportation, has announced a 3 cents/lb increase for toluene and 1 cent/lb for the xylene, also effective 1 December, according to market sources.

Current spot prices as assessed by ICIS for toluene DEL USG are at 54.75-57.00 cents/lb, while xylene prices are assessed at 57.50-60.00 cents/lb.

($1 = €0.74)

By Renzo Pipoli