- Phthalic anhydride prices rise - Derivative demand for butanols weakens



Market participants said European butanol markets were long in the week
to June 16 with limited demand from consumers, while supply and demand
fundamentals in the 2-ethyl hexanol market were balanced. N-butanol prices were
assessed at Eur2,000/mt FD Northwest Europe, down Eur90/mt on the week,
weighing a distributor indication of prices slightly below Eur2,000/mt against
a producer indication of prices at Eur2,000/mt or above. Export market prices
were assessed at $1,650/mt FOB Rotterdam, down $90/mt on the week, within a
producer indication of prices between $1,600-$1,700/mt, and partially mirroring
changes in domestic pricing. Domestic I-butanol at Eur1,570/mt,
unchanged on the week, below a distributor indication between
Eur1,680-Eur1,700/mt, and below a producer indication between
Eur1,600-Eur1,700/mt, considering weak domestic demand. Export...