Europe Q4 polycarbonate contracts roll over on buyer resistance

03 October 2012 23:59  [Source: ICIS news]

LONDON (ICIS)--Fourth-quarter polycarbonate (PC) prices have rolled over because of poor demand and strong resistance from buyers, several market sources said on Wednesday.

Fourth-quarter moulding grade PC prices stood at €2.25-2.45/kg ($2.92-3.18/kg) free delivered (FD) northwest Europe (NWE). Extrusion grade PC is at €2.15-2.25/kg FD NWE.

At the beginning of September, PC producers had announced increases of €0.20-0.25/kg for both grades but were met with strong resistance from buyers.

During the third/fourth week of September, one major EU producer announced it would roll prices over. This was then followed by another large PC producer.

A third producer said that after the two largest PC producers rolled prices over, it had no choice but to follow suit, even though it was a tough choice with most producers being in a difficult situation. The third producer added that if it had gone with its original intention to increase prices, it would have lost the majority of its customers to the competition.

($1 = €0.77)

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By: Janos Gal
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