ACETONE: US export spot pricing gained $138/mt week over
week, assessed Tuesday at $766-$788/mt (34.75-35.75 cents/lb) FOB USG. Spot
supply remained tight, and upticks in export demand and feedstock
refinery-grade propylene pricing pushed pricing higher, sources said. It was
difficult to find supply to satisfy that export demand, a source said. Export
pricing was pegged in themid-30s cents/gal range. Most sellers had announced
increases in the 3-5cents/lb range for January, sources said. Feedstock
refinery-grade propylene pricing increased 6 cents -- or 36% -- week on week to
22.50 cents/lb Tuesday. In contracts, January contracts settled 5.675 cents
lower at 29.375 cents/lb,a source said. The settlement fell in line with market
expectations of a settlement in the upper-20s cents/lb range. Domestic acetone
pricing was talked in the mid- to upper-30s cents/lb, sources said.
PHENOL: The US spot export assessment was stable from a week ago, assessed Tuesday at $887-$909/mt(40.25-41.25 cents/lb) FOB USG. Market talks for export still indicated pricing 2-7 cents above January benzene contracts, which settled 33-41cents/gal higher from December at a 267-275 cents/gal split, sources said. Export pricing to Asia was last heard as low as 2 cents/lb above benzene contracts, while export pricing to South America was as high as 7 cents/lb above benzene contracts, a source said. The domestic phenol assessment was also unchanged Tuesday at $1064-$1086/mt (48.25-49.25 cents/lb) FOB USG ex-tank as talks were steady. Domestic pricing was talked around 12 cents/lb above benzene contracts, a source said. In feed stocks, spot benzene prompt pricing was assessed Tuesday at 321 cents/gal FOB USG, a week on week gain of49 cents/gal or $146.51/mt. Cumene was assessed at 288 cents/gal FOB USG. An average of production rates was last heard around 75%.
IPA: Spot prices increased 1 cent/lb ($22/mt) week on week, assessed Tuesday at 49.50-50.50cents/lb ($1,091-$1,113/mt) FOB USG and 51.50-52.50 cents/lb ($1,135-$1,157/mt) DER, with the spot market remaining under pressure due to limited availability, sources said. After production issues in the second half of last year and expectations of a turnaround in the first quarter of this year, additional material for the spot market has been hard to come by, a distributor said. Recent decreases in feedstock propylene contract pricing has likely helped contract buyers with a feedstock component in their contracts, but that relief will likely be short-lived with propylene contracts expected to rise for January, a source said. December contracts for feedstock chemical-grade propylene declined 4 cents/lb to 30 cents/lb for chemical-grade product, but expectations for January have called for increases of as much as 5-7cents/lb, sources in that market have said. IPA pricing typically lags the movement in CGP contracts, per market feedback.
ETAC: Spot prices remained stable week on week, assessed Tuesday at 49.50-50.50 cents/lb ($1,091-$1,113/mt) FOB USG and at 52.50-53.50 cents/lb ($1,157-$1,179/mt) delivered. The market has been relatively stable in recent months, a distributor said. In feedstocks, acetic acid was assessed $30/mt higher on Thursday at $565-$575/mt FOB USG.
BUTAC: Spot prices stayed flat week on week, assessed Tuesday at54.50-55.50 cents/lb ($1,202-$1,224/mt) FOB USG and 58.50-59.50 cents/lb($1,290-$1,312/mt) delivered. Limited activity has been seen in the early partof the year, a source said.
INDUSTRIAL-GRADE ETHANOL: Pricing held steady week on week, assessed Tuesday at 296.50-306.50 cents/gal FOB DSP for 190 proof and319.50-329.50 cents/gal FOB DSP for 200 proof. The majority of industrial ethanol contracts cover terms of 6-12 months, with some expiring at the end of each month, per market feedback. Chicago Argo ethanol assessments fell 5.05cents week on week to $1.4870/gal.
PHENOL: The US spot export assessment was stable from a week ago, assessed Tuesday at $887-$909/mt(40.25-41.25 cents/lb) FOB USG. Market talks for export still indicated pricing 2-7 cents above January benzene contracts, which settled 33-41cents/gal higher from December at a 267-275 cents/gal split, sources said. Export pricing to Asia was last heard as low as 2 cents/lb above benzene contracts, while export pricing to South America was as high as 7 cents/lb above benzene contracts, a source said. The domestic phenol assessment was also unchanged Tuesday at $1064-$1086/mt (48.25-49.25 cents/lb) FOB USG ex-tank as talks were steady. Domestic pricing was talked around 12 cents/lb above benzene contracts, a source said. In feed stocks, spot benzene prompt pricing was assessed Tuesday at 321 cents/gal FOB USG, a week on week gain of49 cents/gal or $146.51/mt. Cumene was assessed at 288 cents/gal FOB USG. An average of production rates was last heard around 75%.
IPA: Spot prices increased 1 cent/lb ($22/mt) week on week, assessed Tuesday at 49.50-50.50cents/lb ($1,091-$1,113/mt) FOB USG and 51.50-52.50 cents/lb ($1,135-$1,157/mt) DER, with the spot market remaining under pressure due to limited availability, sources said. After production issues in the second half of last year and expectations of a turnaround in the first quarter of this year, additional material for the spot market has been hard to come by, a distributor said. Recent decreases in feedstock propylene contract pricing has likely helped contract buyers with a feedstock component in their contracts, but that relief will likely be short-lived with propylene contracts expected to rise for January, a source said. December contracts for feedstock chemical-grade propylene declined 4 cents/lb to 30 cents/lb for chemical-grade product, but expectations for January have called for increases of as much as 5-7cents/lb, sources in that market have said. IPA pricing typically lags the movement in CGP contracts, per market feedback.
ETAC: Spot prices remained stable week on week, assessed Tuesday at 49.50-50.50 cents/lb ($1,091-$1,113/mt) FOB USG and at 52.50-53.50 cents/lb ($1,157-$1,179/mt) delivered. The market has been relatively stable in recent months, a distributor said. In feedstocks, acetic acid was assessed $30/mt higher on Thursday at $565-$575/mt FOB USG.
BUTAC: Spot prices stayed flat week on week, assessed Tuesday at54.50-55.50 cents/lb ($1,202-$1,224/mt) FOB USG and 58.50-59.50 cents/lb($1,290-$1,312/mt) delivered. Limited activity has been seen in the early partof the year, a source said.
INDUSTRIAL-GRADE ETHANOL: Pricing held steady week on week, assessed Tuesday at 296.50-306.50 cents/gal FOB DSP for 190 proof and319.50-329.50 cents/gal FOB DSP for 200 proof. The majority of industrial ethanol contracts cover terms of 6-12 months, with some expiring at the end of each month, per market feedback. Chicago Argo ethanol assessments fell 5.05cents week on week to $1.4870/gal.
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