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)
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