Europe October ECH rollover on balanced fundamentals

12 October 2010 23:59  [Source: ICIS news]

LONDON (ICIS)--European epichlorohydrin (ECH) October contracts settled at a rollover, according to most buyers and sellers on Tuesday.

Buyers attempted to negotiate a price fall on the back of weakened feedstock propylene numbers and faltering downstream epoxy resin demand, but most admitted they were forced to settle for stable numbers.

A couple of buyers said that they had achieved €30-50/tonne ($42-69/tonne) decreases, giving a low-end price of €1,700/tonne; but producers agreed this was below the rest of the market and that €1,750 remained the minimum.

Manufacturers largely resisted calls to drop their numbers, arguing limited availability because of feedstock shortages and ongoing maintenances.

ECH was therefore assessed stable at €1,750-1,800/tonne FD NWE, according to ICIS 

($1 = €0.72)

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By: Amandeep Parmar
+44 208 652 3214

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