MOSCOW (MRC) -- OQ Chemicals (Monheim am Rhein, Germany) has announced a price hike for oxo intermediates in the Americas for the second time in a week, citing continuing strong demand and increasing raw material costs, said Chemweek.
The latest rise in prices will come into effect on 1 March 2021 or as contracts allow, it says. The company announced price increases for several of its oxo alcohol and oxo acetate ester products on 8 February, with immediate effect.
OQ says it will raise prices for 2-ethylhexanol (2-EH), n-butanol, isobutanol, and trimethylolpropane (TMP) by USD0.10/lb each in North America and Mexico, and by USD220/metric ton each in South America. N-propyl acetate will each increase by USD0.07/lb in North America and Mexico, and by USD154/metric ton in South America. N-butyl acetate, isobutyl acetate, and n-propanol will each rise by USD0.05/lb each in North America and Mexico, and by USD110/metric ton in South America.
OQ announced oxo intermediates price rises in the Americas earlier in January, as well as implementing sales control on 26 January due to increased demand and shortage of supply for its US oxo intermediate products produced at its Bay City, Texas, site.
As per MRC, OQ Chemicals declares global sales control for carboxylic acids, aldehydes. Global sales control has been announced by OQ Chemicals (Monheim am Rhein, Germany) on all grades of its carboxylic acids and aldehydes. N-heptanoic acid, n-pelargonic acid, n-heptanal, n-nonanal, and n-undecanal have all been placed under sales control, effective immediately.
We remind that Russia's output of chemical products rose in November 2020 by 9.5% year on year. At the same time, production of basic chemicals increased in the first eleven months of 2020 by 6.6% year on year, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, polymers in primary form accounted for the greatest increase in the January-November 2020 output. November production of polymers in primary form rose to 896,000 tonnes from 852,000 tonnes in October. Overall output of polymers in primary form totalled 9,240,000 tonnes over the stated period, up by 17.1% year on year.
MRC