Europe May epoxy resin contracts roll over amid balanced market

10 May 2011 17:11  [Source: ICIS news]

LONDON (ICIS)--European May epoxy resin contracts rolled over on the back of a balanced market and little feedstock pressure, it was revealed on Tuesday.

One producer announced a €150/tonne ($214/tonne) increase for the month, despite upstream prices for epichlorohydrin (ECH) and bisphenol A (BPA) remaining relatively stable.

However, this figure was aimed at the few customers paying much lower levels to bring them in line with the rest of the market.

A couple of buyers also said they took on €20–40/tonne rises but, again, they were paying less than others and are now purchasing liquid epoxy resins for about €3,000–3,050/tonne FD (free delivered) NWE (northwest Europe).

Solid epoxy resins are also largely stable at €3,050–3,200/tonne FD NWE.

($1 = €0.70)

For more on epoxy resins, visit ICIS chemical intelligence

By: Amandeep Parmar
+44 208 652 3214

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