Euro PC producers seek 2.5% Q1 price rise

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.

By: Giovanni Coiro
+44 20 8652 3214

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