Europe March BPA prices to increase on firm feedstock costs

17 February 2011 17:42  [Source: ICIS news]

LONDON (ICIS)--European bisphenol A (BPA) contract prices in March are likely to be €350/tonne ($473/tonne) above December's range of €1,600-1,750/tonne because of higher benzene and acetone prices, a major producer said on Thursday.

"We are willing to increase contracts by €350/tonne above December's price level," the producer said.

"Our intention is to increase prices by €100-150/tonne, depending on the increases customers took in January and February," it said.

February BPA prices moved up €100/tonne from January to settle at a record high of €1,800-2,000/tonne FD (free delivered) NWE (northwest Europe), also because of firmer benzene and acetone prices.

"Raw materials are extremely expensive. It's about cost recovery," the producer said.

The BPA market was tight globally and demand from all sectors, most notably the polycarbonate and epoxy-resins industries, was said to be higher than normal.

The February benzene contract went up by €122/tonne from January to settle at €1,001/tonne FOB (free on board) NWE (northwest Europe). It had risen by €149/tonne from December to January.

March BPA contracts are expected settle within the next couple of weeks.

Major European BPA producers include Bayer, SABIC and Momentive.

($1 = €0.74)

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By: Helena Strathearn
+44 208 652 3214

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