08 March 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European bisphenol A (BPA) freely negotiated contract prices have increased by €30-50/tonne ($39-66/tonne) in March because of tighter supply and higher raw material costs, sources said on Friday.
The March freely negotiated contract price is at €1,650-1,680/tonne free delivered (FD) northwest Europe (NWE), up €30/tonne, while the spot prices are at €1,650-1,650/tonne FD NWE, up €50/tonne on the low end of the range.
Production problems at one European plant mean that supply has tightened, one trader and one buyer said.
Momentive's plant in Pernis, the Netherlands was down two weeks ago because of problems with one of the pipes and this resulted in delayed shipments.
Several sources said this is still the case, although Momentive pressed the plant is back online and is producing, but they are still struggling to catch up and clear the backlog that accumulated during the shutdown.
($1 = €0.77)
Follow Janos Gal on Twitter @janosgalICIS
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