03 October 2011 20:46 [Source: ICIS news]
BERLIN (ICIS)--Scarce feedstock availability is sustaining European prices for di-isononyl phthalate (DINP) after a three-month decline, suppliers said on Monday at the sidelines of the 45th annual European Petrochemical Association (EPCA) meeting.
Limited availability of butane-based isononanol, from which DINP is produced, has partly offset relatively slower demand in the global market, a producer said.
European DINP prices had been in steady decline since a record-high of €1,900-2,000/tonne ($2,533-2,666/tonne) reached in June. However, a supplier said that the June high-water mark was the result of extremely tight conditions at the time.
“The market is now more balanced, prices more stable, and slow demand, due to the current economic uncertainty, is being largely offset by short feedstock availability,” the source added.
“Producers might eventually decrease prices in order to improve sales volumes if demand does not recover in the next few months, but market tightness will prevent a market-wide reaction and allow other sellers to sustain prices at the current levels," the producer said.
($1 = €0.75)
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