Nelson-Farrar Quarterly Costimating: How Nelson-Farrar indexes of chemical costs have changed

July 2, 2007
The costs of two important chemicals used in crude refining changed very little during 2004-06, while the costs of three others varied significantly.

Gary Farrar, Contributing Editor

The costs of two important chemicals used in crude refining changed very little during 2004-06, while the costs of three others varied significantly.

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The two stable chemicals were hydrofluoric acid with an index constant of 414.9 and sulfuric acid with an index average of 397.4.

Sodium hydroxide ended with 644.9 in fourth-quarter 2006, rising from 529.6 in first-quarter 2004.

Platinum rose significantly to 1,466.4 in the last quarter of 2006 from 762.1 during first-quarter 2004. However, the average for 2004 was 762.1, while 1,344.4 was the average for 2006.

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Sodium carbonate rose to 470.5 in fourth-quarter 2006 from 306.5 in first-quarter 2004.

During 2004-06, sodium carbonate averaged 310.3, 357.4, and 452.4 for the 3 years, respectively.

The Nelson-Farrar overall inorganic chemical index showed an increase throughout the period, varying to 714.2 in fourth-quarter 2006 from 492.6 in first-quarter 2004.