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