Europe June ECH down €40-45/tonne on lower feedstock, demand

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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By: Janos Gal
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