03 February 2006 11:09 [Source: ICIS news]
LONDON (ICIS news)--European polycarbonate (PC) producers said on Friday that they planned to increase second quarter prices by up to about eight cents a kilogramme or around 2.5% on the back of raw material cost hikes.
Most sellers noted that prices will go up from Q1 levels after benzene settled 23% higher in January and moved up again by Euro72/tonne in February.
Prices for Q1 general purpose moulding and GP extrusion were quoted by global price reporting and market intelligence service ICIS-LOR at Euro3.00-3.50/kg and Euro2.90-3.30/kg free delivered Northwest Europe (FD NWE) respectively.
A number of buyers said negotiations for Q2 contracts have not started and emphasised that producers were also looking for increases of up to Euro0.20/tonne from Q4 to Q1 but only managed to achieve a rollover on average. Talks are expected to begin at the end of February.
The bisphenol A (BPA) market, which has recently suffered a period of oversupply and falling margins, is showing signs of rising prices, also supported by a strengthening BPA Asia Pacific market. Early February settlements have been confirmed done at an increase of Euro40-50/tonne from January.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections