LONDON (ICIS)--European spot prices for refinery solvents have continued to fall, according to an ICIS calculation based on recent feedstock movements.
Hexane prices were assessed at $703-745/tonne FOB (free on board) Rotterdam and €874-919/tonne FD (free delivered) NWE (northwest Europe).
Naphtha solvent was assessed at $704-731/tonne FOB Rotterdam and €791-835/tonne FD NWE while white spirit was $786-803/tonne FOB Rotterdam and €768-819/tonne FD NWE.
Prices of feedstocks gasoline, naphtha and jet kerosene have continued to fall, which is putting downwards pressure on refinery solvent prices.
Movements in the crude oil market continue to be the key driver behind refinery solvent prices.
Crude oil prices have fallen significantly since early October, when they were at the highest level so far this year.
These decreases have been passed through to feedstock costs.
Supply of hexane, C9 naphtha solvent and white spirit is balanced.
C10 naphtha solvent remains tight, with a distributor saying recently that there was the potential for this grade of naphtha solvent to tighten further.
Refinery solvents are used in vegetable oil extraction, low temperature thermometers, paint diluent and industrial solvents.