US July barge acetone contracts initially settle up 1.3%
John Dietrich
19-Jul-2017
HOUSTON (ICIS)–US
July barge acetone contracts reached an initial settlement up
1.3%, sources said on Wednesday.
The 0.5 cent/lb ($11/tonne) increase, if fully accepted, would put contracts at 40.5 cents/lb on a DEL (delivered) via barge basis.
Most sources said the increase was in line with expectations, as upstream refinery-grade propylene (RGP) was up slightly through mid-July.
Supply of acetone also remains slightly snug, and demand from large-volume barge buyers has been strong.
The US barge acetone contract is typically settled between two large producers – INEOS Phenol and Shell Chemical – and the three largest buyers – Dow Chemical, Evonik and Lucite.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
