12 June 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European June epichlorohydrin (ECH) contracts have fallen by €40-45/tonne ($50-56/tonne) because of lower feedstock propylene costs and slowing demand, sources said on Tuesday.
The June contract settled at €1,630-1,660/tonne FD (free delivered) NWE (northwest Europe).
ECH producers tried to retain as much of the propylene decrease as they could, but ECH buyers demanded a piece for themselves.
Buyers said there was plenty of material on offer, although producers said there were some availability issues because of maintenance shutdowns and production problems in May.
($1 = €0.80)
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