04 December 2012 23:59 [Source: ICIS news]
December ECH contracts settled at €1,610-1,640/tonne free delivered (FD) northwest Europe (NWE).
The price of feedstock propylene dropped by €17/tonne in December, reflecting a €10/tonne drop in the price of ECH, producers and buyers said.
The ECH market continues to be oversupplied because of lacklustre demand from the downstream epoxy resins industry. The epoxy resins industry consumes nearly 80% of ECH output.
($1 = €0.77)
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