12 October 2011 18:09 [Source: ICIS news]
LONDON (ICIS)--European fourth quarter polycarbonate (PC) contract prices have fallen by €0.20-0.33/kg ($0.27- 0.45/kg) from the previous quarter because of better availability and falling feedstock costs, sources said on Wednesday.
Extrusion grade PC contracts settled at €2.55-2.70/kg, at a reduction of €0.28-0.33/kg from the previous quarter, while moulding grade PC settled at €2.70-2.80/kg, a drop of €0.20-0.30/kg.
Buyers said that producers were seeking price increases or rollovers, but because there is plenty of material available on the market, producers agreed to reductions in most cases.
Producers said the market is balanced and the PC market has performed better in the period from July to September than previously expected.
"Demand in the third quarter of 2011 was 2.6% higher than in the same period last year," said one PC producer.
However, buyers said they expected further price reductions because the market is lengthening and sellers are keen to offload material at a reduced price.
($1 = €0.73)
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