27 March 2011 20:30 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Liquid epoxy resin (LER) export prices from Asia to the US will likely continue to drift higher, a US trader said on Sunday.
It would be difficult to obtain bulk LER parcels below $1.80/lb ($3,968/tonne, €2,817/tonne) DEL from import suppliers going forward because of rising feedstock prices and uncertain availability of key intermediates in the aftermath of the Japan earthquake, the source said on the sidelines of the International Petrochemical Conference (IPC).
Japan had been a major exporter of ECH to the Asia markets including Korea prior to the earthquake, the trader said.
US domestic LER prices for mid-volume buyers were at $1.68-1.75/lb DEL, as assessed by ICIS.
The three major US LER producers nominated increases of 5, 7 and 10 cents/lb for April LER deliveries.
Even with the pending US price increases, the trader said Asian import offers would remain high-priced relative to domestic supply.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
($1 = €0.71)
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy.
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|