24 March 2013 22:07 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--April will be the turning point of the US spring coatings season, a source said on Sunday on the sidelines of the International Petrochemical Conference (IPC).
Predictions about the US spring coatings season have ranged from buoyant to pessimistic, but it is still too early to predict how much demand will improve over the same period last year, a paint and adhesives maker asserted.
Another acrylates customer said buying interest has been far below levels seen one year ago when mostly mild weather patterns prevailed.
Purchases of North American titanium dioxide (TiO2) and acrylates have been soft or even delayed because of inclement weather that has extended further than usual into the first quarter.
Given the delayed purchases so far, “April is pivotal,” a source said. “I’m not optimistic about the paint season this year, but I’m taking a wait-and-see approach. We’ll see how April goes.”
Others say paint sales geared toward remodelling have already strengthened.
For now, pigment prices are flat on weak demand and ample supply, and acrylates values are being pressured downward by falling feedstock propylene, which fell by 6 cents/lb ($132/tonne, €102/tonne) for March and is expected to fall similarly for April.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
($1 = €0.77)
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