05 March 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European epichlorohydrin (ECH) March contract prices have gone up by €110-135/tonne because of higher feedstock costs and tightening supply, sources said on Tuesday.
The March contract price is at €1,745-1,750/tonne ($2,266-2,273/tonne) free delivered (FD) northwest Europe (NWE).
The European ECH market has tightened considerably since Poland-based ECH producer Zachem closed down, sources said.
There are now only two remaining net ECH suppliers on the market, one of which also uses ECH internally for epoxy resins production.
This means there is less ECH for the same number of consumers which has helped producers push prices up in March.
($1 = €0.77)
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