US epoxy resins fall 2% on range's high end on weaker feedstocks

16 August 2011 23:54  [Source: ICIS news]

HOUSTON (ICIS)--US contract prices for liquid and solid epoxy resins dropped by 2% on the high end of the range on Tuesday, as assessed by ICIS, on weaker feedstock costs.

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.

Acetone and phenol prices have fallen in July, pushing down costs for epoxy resins feedstock bisphenol A (BPA). Also, feedstock epichlorohydrin (ECH) prices have been stable.

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)

By: John Dietrich

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