02 October 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European liquid epoxy resins (LER) October contract prices have gone up by €50/tonne ($39/tonne) because producers need to pass on the feedstock cost increases they have received over the past two months, sources said on Tuesday.
The October LER contract price settled at €2,540-2,600/tonne FD (free delivered) NWE (northwest Europe).
The price of propylene increased by a total of €225/tonne over the months of August and September, and dropped by only €20/tonne in October. The price of benzene went up by €108/tonne in August but dropped by a total of €63/tonne in September and October. Epoxy resins producers argued that they needed to pass these increases on.
($1 = €0.78)
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