Europe July epoxy resins contracts down by €90-100/tonne

10 July 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European July epoxy resins contract prices have fallen by €90-100/tonne ($111-123/tonne) because of lower feedstock epichlorohydrin (ECH) and bisphenol A (BPA) costs and weaker demand, several sources said on Tuesday.

The price of liquid epoxy resins (LER) is €2,410-2,450/tonne free delivered (FD) northwest Europe (NWE), a drop of €90-100/tonne from June, while the price of solid epoxy resins (SER) is €2,420-2,500/tonne FD NWE, a drop of €100/tonne from June.

Most buyers said they have achieved the price they asked for, because producers were keen to maintain sales volumes and to keep cheap imports out of Europe.

Producers complained that buyers are placing orders at the last minute, as and when needed, and this is making forecasting for longer periods difficult.

($1 = €0.81)

By: Janos Gal
+44 208 652 3214

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