AFPM ’13: Middle East could become bigger epoxy exporter

24 March 2013 15:57  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--The Middle East could become a bigger exporter of epoxy resins to the US, a trader said on Sunday on the sidelines of the International Petrochemical Conference (IPC).

The trader said that producers in the Middle East are starting to target the US epoxy resins market because of strong demand and a wide arbitrage window.

“We are hearing more and more offers to bring their material in,” the trader said.

The trader added that the Middle Eastern producers will also likely target the European market because shipping costs would be less.

Currently, US spot epoxy resins prices are assessed at $1.40-1.45/lb ($3,086-3,197/tonne, €2,377-2,461/tonne) on a DEL bulk (delivered in bulk) basis.

Major US epoxy resins producers include Dow Chemical, Huntsman and Momentive.

Hosted by the American Fuel & Petrochemical Manufacturers, the IPC continues through Tuesday.

($1 = €0.77)

By: John Dietrich

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