Europe September ECH contracts up €65/tonne on higher propylene

04 September 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--European September epichlorohydrin (ECH) contract prices settled at €1,640-1,665/tonne ($2,075-2,107/tonne) on Tuesday, an increase of €65/tonne following the rise in the propylene contract settlement.

Buyers from the epoxy resins sector said they will probably delay additional purchases where contract terms allow because demand is weak and they will not be able to pass on the increases.

Sellers said demand from all derivative sectors is unchanged from August and supply is stable. The contract was settled on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.79)


By: Janos Gal
+44 208 652 3214



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