10 January 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European epichlorohydrin (ECH) January contract prices have increased by €30-40/tonne ($38-51/tonne) because of higher feedstock costs and better demand, sources said on Tuesday.
January contract prices settled at €1,520-1,580/tonne FD (free delivered) NWE (northwest Europe).
"The increase was mainly because of a €20/tonne rise in the feedstock propylene price," said a producer.
The European propylene contract price for January settled at €1,015/tonne FD NWE.
One ECH trader said it was unclear why prices have begun to increase because demand has not improved and feedstock costs are still relatively low.
Consumers said that buying interest is still weak and it seems unlikely there will be any major change in demand until the new construction season starts.
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