28 March 2011 23:39 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--US epoxy resin sales in 2011 could grow faster than initial expectations of 3-5%, a producer said on Monday.
January sales volumes were up 10% year on year, but comparisons would be more difficult going forward, the source said on the sidelines of the International Petrochemical Conference (IPC).
Alongside the bullish growth projections from customers, producers said there was not much room to increase epoxy resins production in North America.
“There is a shortage of liquid resin,” another producer said.
Producers said it was difficult to separate how much of the production limitation was due to tight bisphenol-A (BPA) supply and how much was due to physical capacity limitations.
Epoxy resin producers did not expect any easing of BPA tightness during the second quarter, with several suppliers still on force majeure, and availability of BPA could remain an issue in the third quarter.
One consequence of rising BPA prices in the US has been that solid epoxy resins (SER) have become more costly to produce than liquid epoxy resins (LER), a producer said.
SER contains as much as 20% more BPA contact than LER.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
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