22 September 2010 00:29 [Source: ICIS news]
November are likely to increase to about $1.55-1.65/lb ($3,417-3,639/tonne, €2,631-2,632/tonne) from September prices of $1.54-1.62/lb, a buyer said on Tuesday.
Prices, DEL (delivered) North America, for October, however, are likely to stay flat with September, despite a lone, proposed price increase of 5 cents/lb for October, the buyer said.
“It looks like buyers have been largely successful in halting the October increase, though some contract buyers might have to pay it,” the buyer said.
While it was too early for a complete assessment of the market more than a month away, a combination of demand, feedstock costs and possible production cuts in
Major US LER producers include Hexion, Huntsman and Dow Chemical.
($1 = €0.77)
To discuss issues facing the chemical industry, go to ICIS connect
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|