17 Jul 2020 | 17:00 UTC — Houston

OQ Chemicals to increase 2-Ethylhexanol prices by 5 cents/lb: letter

Highlights

Price increase effective August 1

Hike expeced amid firm spot pricing

Houston — OQ Chemicals, formerly Oxea, will increase 2-ethylhexanol prices by 5 cents/lb effective August 1, the company said in a letter to customers obtained by S&P Global Platts July 17.

The company did not specify a reason for the increase in prices.

The 2-EH weekly assessment for July 16 held steady at 44.5 cents/lb delivered, after sources said the market was stable.

The price increases for 2-EH were expected amid an increase in the upstream June contracts for polymer-grade propylene and chemical-grade propylene, settled up 0.5 cent at 26.5 cents/lb for PGP and 25 cents/lb for CGP, sources said.

The increases were in line with market sentiment of a hike amid firm spot pricing.


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