16 August 2011 23:54 [Source: ICIS news]
Prices were assessed lower by 3 cents/lb ($66/tonne, €46/tonne), matching a fall on the low end from the previous week for standard liquid epoxy resins (LER) and solid epoxy resins (SER).
Buyers said there were instances of prices for LER in the mid-$1.70/lb range, slightly lower than the assessed range of $1.77–1.83/lb DEL (delivered) North America.
Solid epoxy resins were assessed at $1.81-1.87/lb.
Import prices on LER have dipped, buyers said, as overseas producers face weaker domestic demand and look to secure income on surplus materials.
US producers confirmed previously that prices would likely fall, but at least one was resisting the downward pressure and had not come off its prices.
Demand for epoxy resins was softening slightly, a buyer said, mostly because of concerns regarding the economy.
Major US producers of epoxy resins are Dow Epoxy, Huntsman and Momentive Specialty Chemicals.
($1 = €0.69)
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