108
INDUSTRIAL AND ENGINE%RINQ CHEMIBTRY
MARKET REPORT-DECEMBER,
Yol. 15, No. 1
1922
[SVPPCIGD BY DRUG& CHEMICAL MARK~S] As far as spot business in chemicals is concerned, December saw somewhat of a falling off in buying. Contract business for delivery over 1923, however, has been active. Consumers, evidently warned by the rising prices of the past four months, are reported to have signed up freely for next year’s supplies of many items. This may have been occasioned by the fact that consumers have been short of stocks for some time past, and now, admitting that the market has stabilized to their satisfaction, are willing to contract for goods well in advance. When this is compared with the hesitancy of buyers to cover by contract a year ago, the condition in itself is indicative of the changed general situation in the chemical market. Spot business has been slow primarily because consumers have been holding down stocks of raw materials until after inventory taking. No real lack of demand is evident, as can be concluded from the amount of contract business done and the general stability of prices. In spite of less demand for spot goods and goods for immediate shipment, prices have actually advanced during the past month. Numerous scarcities have been developed, in some cases to the point of acuteness, I n most products the market shows that it is easier to sell satisfactorily than it is to buy, particularly in instances like cresylic acid, solvent naphtha, arsenic, formaldehyde, methanol, phenol, salt cake, Glauber’s salt, and others. December, like October and November, was almost devoid of genuine price declines. Reports indicate that caustic soda and soda ash are being signed‘up for delivery over 1923 on contract at approximately the same terms as have ruled the spot markets during the greater part of 1922. Producers state that business has been extremely good during the closing weeks of the year. It is practically impossible to buy salt cake on the open market and has been for some weeks past. Niter cake and Glauber’s salt are also in small supply on spot and at producing centers. Very limited spot stocks of potassium prussiate are being held at higher levels by sellers. On the rising market for tin metal, tin crystals have advanced. Two exceptions to the higher price rule during December were yellow sodium prussiate and oxalic acid, both of which dropped off slightly. One of the most spectacular market developments of the past few months has been in wood chemicals. The rising tendency of all prices in this group continued t o manifest itself during De-
cember, with higher quotations noted for acetate of lime, acetic acid, acetone, methanol, formaldehyde, and other derivatives. Production is curtailed and has been for many months. Excess stocks are about depleted and it is with difficulty that buyers have been able to cover requirements during the month past. Producers are entering contracts rather warily as they are still uncertain regarding next year’s supplies. Lime acetate is now $3.50, acetone 21 cents, methanol $1.25, and formaldehyde 16 cents. Arsenic continues to play a leading role in the market. January delivery is commanding 15 cents a Ib. with little spot material offered. Reports indicate that consumption in 1922 aggregated 4000 tons of AszOa, a large portion of which went into the production of some sixteen million pounds of calcium arsenate for the cotton fields. No residual stocks of either remain. Estimates place the requirements of calcium arsenate for 1923 as more than double 1922, but it is difficult to see where the arsenic is coming from to take care of this demand. Reduced smelting operations for several years back, owing to low prices for both copper and arsenic, have permitted all surpluses to be wiped out. American smelters will not produce unless there is some assurance of a continued fair price. An arsenic shortage during 1923 is almost certain. Although stocks of cresylic acid are in bond a t ports of entry, little is to be had on the open market owing to the fact that the duty has not as yet been determined upon by the appraiser’s stores. Such small Lots as are being sold command 90 cents per gal. for any grade. During December a11 salicylates went up, the continued high price of phenol being the cause. The latter moved to 35 cents a Ib. inside, with only imported goods being offered. No American producer is yet known to have resumed operations. Denatured alcohols are higher. Supplies of alums and aluminium sulfate are somewhat reduced, with consequent rising price tendencies in the latter. Demand for coal-tar intermediates during the month has been good with prices firm. Aniline oil is moving well a t 17 cents. Dimethylaniline is firmer on position of methanol. H-acid is stronger on reduced competition. Animal and fish oils have been steady and prices strong. Cod and menhaden oils are higher on scarcity, as the fishing season is now over and stocks are low. Demand for animal oils has been active. Vegetable oils have been in fair demand with China-wood and linseed oils higher. Turpentine is easier.
-
I W V Y CHEMICAL AVERAGE
Simple Average of Twenty R
Courtesy of Drug &;Chemical Markets
INDUSTRIAL AND ENGINEERING CHEMISTRY
January. 1923
109
FIRST-HAND PRICECS FOR GOODS IN ORIGINAL PACKAGES PREVAILING IN THE NEW YO% INOIZGANIC CHEMICALS
.
Dec 1
.
...... . . . . . ... .
.
Acid. Boric. cryst bbls .l b. 11% Hydrochloric. comm'l 20°lb -01% Hydrofluoric 30% bbls .I b. 06 Hydriodic. sp gr I 150 lb 2.25 Nitric. 42O. cbys c/l wks.lb. 05% Phosphoric. 60% tech .I b. .OS Sulfuric. C P .I b. 08 68' tks wks ton 15.00 Oleum 20% .ton 18.00 Alum. Ammonia. lump .Ib. 03% Potash. lump .I b. *.03% Chrome .Ib. 08 Soda. ground .I b. 04 Aluminium Sulfate (iron-free) .Ib. 02% Ammonium Carbonate. pwd .I b. 10% Chloride. white gran .Ib. 07% Ammonia. anhydrous Ib 30 Ammonia Water. drums. 26O ..l b. 07% Arsenic.. white Ib 14 Barium Chloride .ton *lo0 00 Nitrate .Ib. 08 Barytes, white .ton 33.50 Bleaching Powd., 35%. works 100lbs 2.00 Borax cryst bbls .I b. 05% Bromine, pure. wks .I b. 29 Calcium Chloride. fused. f.0.b. N Y ton 24.50 Chlorine. liquid .Ib 06 5.75 Copper Sulfate 100 Ibs Iodine. resublimed .Ib. 4.40 Lead Acetate. white crystals .I b. 12 Nitrate .Ib. 22 Red .I b. 08 White (Carb.). .I b. 08% Lime Acetate 100 Ibs 3.50 Magnesium Carbonate. tech .I b. 07% Magnesite. calcined .ton 55.00 Phosphorus. yellow .Ib. *.28 Red .Ib. *.30 Plaster of Paris bbl 4.25 Potassium Bichromate .I b. 10 Bromide. imported Ib *.19 Carbonate. calc 80-850Jo.lb. *.05% Chlorate. cryst lb *.07% Hydroxide. 88-92s .I b. *.06?4 Iodide. bulk .Ib. 3.50 Nitrate .I b. 08 Permanganate. U S P .I b. * 17 95 Prussiate. red .I b. Yellow .I b. 39 Salt Cake. bulk .ton 28.00 Silver Nitrate .o z. 43 Soda Ash. 58%. bags 100 lbs *I 80 3.75 Caustic. 7670. N Y a 100 Ibs
..
. .... . . ........... ........ ........ ....... ........... ............ ........... ....... . ........ . . ............... ........... ................ ............. ................... . . .. ........... .......... . ................... ............. .. .......... .......... .. ................ ................... .......... ........... . .. ......... .......... ................... ............. . ....... ....... . .. ........... ..... . ............ ................ . . ... ........... ............. ............ .............. ..... .. . .
.
. .
. ... . .
.. .
. *.
..
. . . .
. .
.
.. *. *. ..
MARKET
.
Dec 1
.
Dec 16
.11% ..01% 06 2.25 .05% ..08 07
15.00 18.00 03% *.O3% -06 .04 * 02% 10% 07% 30 .07% .15 *95.00 *.OS 33.50
.
.. .
2.00 .05% 29
. 24.60 .06 5.75 4.40 ..22 12
.09 .08%
3.50 07% 55.00
.
*.28
*.30
.
4.25 10 *.19 *.05% *.07% *.08%
3.50 08 5.17 *. 95 * .39 28.00 43 51.80 3.75
. ..01% 12% .07
Jan 1922
2.00
...070810
16.00 19.00
-03% 5.03% 07 03% 02% 08 0755 30 0755 06% *53.00 *.07 28.00
. ..
.. .. .
2.25 05% 23
..
28.75 .06 6.56 3.80 11 .15 .08 07% 1.76 .06 55.00 *.a7 *.a0 4.25 10% * .13
. . .
s.0455
*.06% *.06
.
2.90 .08
.
*.29 *.24% 17.00 * 44% *I 85 3.80
*Resale or Imported (not an American makers' price).
* .16
.
............. ......... .. .............. .......... ............... ........ .. ............ ..... . ........ . ................. ......... . .......... ...... ........... ........... . ...... ..... ................... . . . ........ .............
Sodium Acetate .I b. Bicarbonate 100 lbs Bichromate Ib Bisulfite. powd .Ib. Chlorate .I b. Cyanide. 96-98% lb Fluoride. tech lb Hyposulfite. bbls 100 Ibs Nitrate. 96% 100 lbs Nitrite .I b. Prussiate. yellow Ib Phosphate (di-~od.),tech.. I b. Silicate. 40O.'. . Ib. Sulfide. 60%. fused .I b. Strontium Nitrate .Ib. Sulfur. flowers 100 lbs Crude. mines .long ton Tin Bichloride. 60% sol'n .I b. Oxide Ib Zinc Chloride. U S P .Ib. Oxide. bbls . Ib.
.
0755 2.00 07% 04% 07 .23 09% 3.20 2.50
.. . . ..21 09 .04% ..01% 04
*.10
3.00 14.00 10% 38 20 07%
... .
.
.
Dec 15
. .. .. ..
07% 2.00 07% 04% .07 23 09% 3.20 2.57 09 20 .04% -01% 04 * .10 3.00 14.00
.
1055 ...38 20 .07%
Jan 1922 .04 2.00 .07% .04% 0755 .28 09% 3.50 2.32%
. . ..06% 16%
.04% .01% .05 *.10 2.75 16.00 .09% .37 .a5 .08
ORGANIC CHEMICALS
.
.. ............ . ............. . . .......
Acetanilide. U S P., bbls .Ib. Acid. Acetic. 28 p c 100 lbs Glacial .Ib. Benzoic. U S P .Ib. Carbolic. cryst., U 5 P., drs .Ib. 60- t o 110.lb tins .Ib. Citric. crystals. kegs .I b. OxaUc. cryst., bbls wks ..I b. Pyrogallic. resublimed .I b. Salicylic. U S P .Ib. Tannic. U S P., bbls .I b. Tartaric. cryst., U S P lb Acetone. drums lb Alcohol. denatured. complete gal Ethyl. 190 proof. bbls .gaI. Amyl Acetate .ga1. Camphor. Jap. refined. cases . I b. Carbon Bisulfide. c/l .I b. Tetrachloride Ib Chloroform. U S P., drums .I b. Creosote. U S P .Ib. Cresol. U S P .I b. Dextrin. corn 100 lbs Imported Potato .I b. Ether. U S P., 100 lbs .I b. Formaldehyde. bbls Ib Glycerol. dynamite. drums .Ib. Methanol. pure. bbls .gaI. Methylene Blue. med .I b. Petrolatum. light amber .I b. Pyridine .ga1. Starch. corn. pow'd 100 Ibs Potato. Jap .I b. Sago .Ib.
.. ..............
. ..... ... .. .... . . ........ . . . . ... ... .. .............. .... . .............. .. ......... ............ . . . .. . ............ . .. ........... .............. . ........ .. ....... . ........... ... ........ ....... ..... .................. ...... . ............. ...................
*.34 3.17 12 .60
. .40 .45 * .50 -14 1.80 ..38 70 5.30 ..21 40
4.7s 2.35 .91
06 ..-35 10 ..40 27 3.09 ..09 14 ..17% 14 1.05
3.00 .04% 1.75 2.47 07 03%
..
8.34 3.17 .12
*.2@ 2.37% 10 .60
*.60 13% 1.60 38 70 *.30 21 40 4.75 2.35 94 06 10 35 40 27 3.09 09 14 -14% 17 1.20 3.00 0455 1.80 2.47 07 03%
1.43 .14 1.76 .24 .76
.60 .40 .45 .
.. .
. .. . .. . .
. . . . .
.
.12 .18
1.25 .12 .45 4.75 2.00 .90
..06% 10% .43 .40
.14 2.70 .08% .14
..10%
14% .75 4.00 -05% 1.75 2.13 .06% .04
Simple Average of Twenty Rep-
Courtesy of Drug & Chemical Markets
INDUSTRIAL AND ENGINEERING CHEMISTRY
11U
Vol. 15, No. 1
OILS, WAXES, ETC. Dec. 1
...... .......... ............ .................. ........ .......... .. ....... .............. ................. ......... .....
Beeswax, pure, white..
.Ib. .Ib. Ceresin, yellow. .Ib. Corn Oil, crude. tanks, mills.. .Ib. Cottonseed Oil. crude, f. 0. b. mill.. Ib. Linseed Oil. raw. c/l .nal. Menhaden Oil, crude, mills.. .gal. Neat's-foot Oil. 20°. .Ib. Para5n,128-130m. p.. ref.. .Ib. Rosin, "F" grade, 280 Ibs.. bbl. Roain Oil,first run.. .gal. Shellac, T.N.. Ib. Sperm Oil, bleached winter, 38O.. .gal. Stearic Acid, double pressed.. .Ib. Tallow Oil, acidlws.. lb. Turpentine, spirits of.. .gal.
Caator Oil. No. 3..
Dec. 15
.32 .12
Jan. 1922
.07%
.32 .12 .08 .07%
08% .87 -53 -18
-08% .89 .46 .18
.07 .69 .35
6.50 -43 -70
'03% 6.35 * 43 .70
5.30 .36
1.05 .11% .11% 1.54
1.05. .11% * 11% 1.43
1.70 -09% .10 .82%
.os
*
.33
.lo% -07s .Os%
.le% .05 .66
METALS
.. ... .................. ......... ................. ...........
Aluminium. No. 1, ingots.. .ib. Antimony, ordinary.. .lo0Ibs. Birmuth. .Ib. Copper, electrolytic. Ib. Lake.. lb. Lead. N. Y.. .IO0 Ibs. Nickel, electrolytic. Ib. Platinum. refined. soft.. .oz. Quicksilver. flask.. .75 lbs. ea. Silver, foreign.. .oz. Tin.. .Ib. Tungsten Wolframite.. .per unit Zinc, N. Y.. .IO0 Ibs.
.......... ..... ... ............ ...................... ............
-23 6.60
2.60 .13% -14 7.26 .36 108.00 70.00 .64% .36% 7.50 8.25
.23 6.60 2.05 .14 .14 7.26 .36 108.00 71 .OO
.17 4.55 1.80 .la%
.la% 4.70 .46 78.00 62.00
.64%
.61M
.37% 7.SO 8.25
.32% 2.00 .~~ 6.20
FERTILIZEB MATERIALS Ammonium Sulfate, expt.. 100 Iba. Blood, dried, f. 0. b. N. Y....unit Bone, 8 and 60. ground, mw..ton Calcium Cyanamide, unit of ammonia Fish Scrap, dried, a k a . . .unit Phoaphate Rock f. 0 . b. mine: Florida Pebble, 68%. ,ton Tennessee, 7840%. ,ton Potassium Muriate. 80%. .unit Tankage high-grade, 1. Q. b. Chichgo. .unit
.................. ...
... .... ..
.............
3.55 4.50 28.00
3.65 4.60 28.00
2.25 6.15
2.25 6.25
3.00 4.00
8.00 4.00 .70
.70 4.60 &
.IO
2.60 3.50 30.00 2.2s 8.25 & .10 1.00 8.00 76
.
*.
4.60 & 10 8.00 & .10
COAL-TAR CEEMICALS Crude8 Anthracene, 8046%. Bcnrene, pure, tanka Naphthalene, lake. Phenol, drums..
........gal. .lb. ....... ......... .Ib. .............Ib.
-
.75 .30 .06%
.40
.7s .80 .06H .40
DYE INTERMEDIATE AVERAGE
.76
,ao
.07% * 11
Cruder
Dec. 1
Dec. 18
Jan, 1822
.30
.30
.3Q
-45
.45
.46
1.10 .60 1,50
1.10
1.10
(mndudd)
...... .................
Toluene, pure, tanks.. .gal. Xylene 2 deg. dist. range, &ks. gal. Intermediate8 Acids: Anthranilic.. .Ib. Benzoic, tech.. Ib. Cleve's. .Ib. Gamma.. .Ib. H.. .Ib. Metanilic.. .Ib. Monosulfonic F.. .Ib. Naphthionic, crude.. Ib. Nevile & Winther's., , , .Ib. Picric.. Ib. Sulfanilic.. Ib. Tobias'. .Ib. Aminoazobenzene.. .Ib. Aniline Oil.. .Ib. Aniline Salt. .Ib. Anthraquinone (sublimed). .Ib. Benzaldehyde, tech.. .Ib. U.S. P .Ib. Benzidine Base.. .lb. Benzidine Sulfate.. .Ib. Diaminophenol.. .lb. Dianisidine.. .Ib. 9-Dichlorobenzene Ib. Diethylaniline. Ib. Dimethylaniline Ib. Dinitrobenzene.. .lb. Dinitrotoluene. Ib. Diphenylamine. Ib. G Salt.. ..lb. Hydropuinol.. .lb. Monochlorobenzene Ib. Monoethylaniline.. .Ib. b-Naphthol. dist.. .Ib. a-Naphthylamine lb. b-Naphthylamine. Ib. m-Nitroaniline. Ib. #-Nitroaniline Ib. Nitrobenzene (OilMirbane) .Ib. 9-Nitrophenol. lb. o-Nitrotoluene. lb. #-Nitrotoluene.. .Ib, m-Phenylenediamine Ib. #-Phenylenediamine Ib. Phthalic Anhydride.. .Ib. R Salt.. .Ib. Resorcinol, tech.. .lb. U.S.P Ib. .Ib. Schaeffer's Salt. .Ib. Sodium Naphthionate. Ib. Thiocarbanilide. .Ib. Tolidine (base). Ib. Toluidine, mixed.. o-Toluidine Ib. #-Toluidine.. .Ib. m-Toluylenediamine.. .Ib. Xylidine. Ib.
...........
.......... ............... ..............
................... ............ ....... ..... .. ................. .............. ............... ......... ............... ............... .. ........ ................. ........... ......... ........... ............... ........... .............. .............. ........... .............. ............. .................. .............. .......... ......... ........... ............ ........... .............. ............... .. .............. .............. ............ ......... .......... ....... ................... ........... .................. ........... ...... ............. ............ ........... .................. ............... ....... ...................
1 .SO
.76 1.00 2.30
.60
.SO
1.60 1.80 .78 1.00 2.30
1.60 2.26 1.00 1.60 2.80
.60
.60
.65
1.20
1.15 .20 .19 1.30 1.15 .16 .24 1.35 .65 1.40 .85 .70 3.75 4.50
1.30 .26 .20 2.00 1.16 .17
.20
-19 1.30 1.15 .16 .24 1.85 .65 1.40 *
85
.70 3.75 4.50 .06 ,60
.06 .60
.40 .20 .20 .52
.40 .20 .20 .62
.65
.65
1.15 .08 1.00 .24 .29
1.15 .OS 1.00 .24 -29 .95 .62 .73
.96
.62 .73 .10 .72 .ll .60 .90 1.50 .35 .55 1.30 2.00
.BO .56
.35 1.16 .30 .15 1 .OO .95 .42
a15
1.50 .45 1.25 .90 .70 6.so 4.75 .I5 .90
.40 .21
.25 .68 .7Q 1.85 .10 1.00 .30 .30 1.06 .85
.77
.IO
.IO
.72
.76 .16 .70 1.10
.ll .60 .90
1.50 .35 .56
1.30 2.00 .60 .56 -35 1.15 .30 .15 1.00 .95 .42
1.68
,2s .60 1.60
a m
.70
.70 .40 1.90 .a0 .30 1.10 1.10 .I@
Courtesy of Drug 6Chemical M w h s 0
