27 March 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European fatty alcohol buyers continue to show reluctance in purchasing material for the second-quarter, sources said on Wednesday.
With demand remaining at low levels, and no signs of a pick up among end-users, buyers remain content with the material currently available at their disposal.
Furthermore, with additional capacity coming on-stream during the second-quarter, many are confident that further downward pressure will be placed on fatty alcohol prices.
"I'm in no hurry to buy any further material and will only start looking towards the end of April," one buyer said.
With many market participants away from the office in the lead up to the Easter holiday in Europe, activity remains thin.
Feedstock prices have also remained relatively stable of late, leading to little change in fatty alcohols prices from last week.
Sources continue to discuss mid-cut C12-14 alcohols at €1,150/tonne ($1,474/tonn) ex-tank Rotterdam, while long chain C16-18 alcohols remains at €1,200/tonne FD NWE.
Most sources expect second-quarter negotiations to pick up once participants return in early April.
($1 = €0.78)
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