Europe BPA June contracts decline by €50-60/tonne

15 June 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European bisphenol A (BPA) June freely negotiated contract prices have declined by €50-60/tonne ($63-76/tonne) because of weaker demand and competitive offers from Asia, sources said on Friday.

 

June contracts settled at €1,550-1,620/tonne free delivered (FD) northwest Europe (NWE).

 

Although feedstock costs largely increased, most European producers were forced to give discounts to maintain sales volumes and because demand is weak.

 

European BPA plant utilisation rates are at 70% on average and some sources expect these may be further cut if demand does not improve.

 

($1 = €0.79)

 

Follow Janos Gal on Twitter for tweets on the BPA market





AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index