EPCA '12: Europe Oct ethanolamines prices expected to be steady

07 October 2012 13:23  [Source: ICIS news]

BUDAPEST (ICIS)--Europe ethanolamines monthly contract prices are expected to remain steady in October, despite a small decrease in feedstock ethylene, market sources said on Sunday.

Speaking on the sidelines of the 46th annual European Petrochemical Association (EPCA) meeting, producers and consumers expect October to be steady in terms of prices and demand.

With feedstock ethylene only coming down by €10/tonne ($13/tonne) in October, ethanolamine producers are not prepared to move their prices down, although most acknowledge that there is no shortage of availability in the market for this month.

Monoethanolamine (MEA) is currently valued at €1,400-1,480/tonne FD (free delivered) NWE (northwest Europe). Diethanolamine (DEA) is priced at €1,080-1,120/tonne FD NWE and triethanolamine (TEA) is assessed at either side of €1,500/tonne FD.

TEA is offered at a much lower level according to one source, but this material is off-spec the source said.

“There is some pressure in the market and TEA is offered at €1,200-1,300/tonne and compounding this is competitive offers from Taiwan and Thailand,” the producer said.

The annual EPCA meeting runs from 6-10 October.

($1 = €0.77)

By: Julia Meehan
+44 20 8652 3214

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