BASF lifts force majeure on 2-EHA from Ludwigshafen
23 September 2010 16:23 [Source: ICIS news]
LONDON (ICIS)--BASF has lifted its force majeure declaration on 2-ethylhexyl acrylate (2-EHA) from Ludwigshafen, Germany, a company spokeswoman said on Thursday.
“I can confirm that the force majeure on 2-EHA has been lifted last week, Friday 17 September,” the spokeswoman said. “The plant for 2-ethylhexyl acrylate is back to normal operation.”
The company declared the FM with effect as of 1 September due to a technical problem, following a separate force majeure that had been in place from 11 August until the end of the month.
The end of the FM means that the European acrylates market is free of outstanding FM declarations for the first time in more than a month.
On Wednesday, French major Arkema confirmed that it lifted FMs on sales of butyl acrylate (butyl-A), methyl acrylate (methyl-A) and ethyl acrylate (ethyl-A) from the company’s Carling, France, plant.
Arkema declared force majeure on ethyl-A deliveries on 10 August after suffering problems with waste disposal. The declaration was extended to butyl-A and methyl-A on 13 August, and both were lifted on 20 September, after the plant returned to full production levels.
The resolution of the troubles, however, did not come quickly enough to impact September freely negotiated contracts for acrylic acid and acrylate esters, which climbed by €50-200/tonne ($67-267/tonne) from the previous month, depending on the molecule, starting point and buyer.
Prices for 2-EHA were settled at €2,180-2,350/tonne (FD) free delivered (NWE) northwest Europe, according to ICIS.
Prices for spot material have also been stable to firm on the back of the European production troubles and Asian prices, which have increased to reach 15-year highs.
Other acrylates producers in Europe include Dow, Hexion and Sasol.
($1 = €0.75)
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By: Libby George
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