28 March 2013 16:49 [Source: ICIS news]
LONDON (ICIS)--European freely negotiated bisphenol A (BPA) contract prices in April will either roll over or increase slightly, sources said on Thursday.
Sources expecting BPA prices to increase cited high feedstock costs and tighter availability as reasons for potential hike, while others noted price falls in Russia and Asia as factors that may contribute to a rollover.
Two buyers have been offered material from South Korea at €1,500-1,510/tonne ($1,923-1,936/tonne) delivered, duty paid (DDP) Europe. This price is negotiable, and it could go down by an extra €50/tonne if large quantities are secured.
The situation in the European BPA market has been quite dramatic in March, with production problems at a major producer and another not supplying its customers for unspecified reasons.
Production problems at Momentive's plant in Pernis, the Netherlands have been resolved, but there is still a backlog that they need to clear, the company said.
Another major BPA supplier is said to have restricted supplies, but this could not be confirmed by the company in question.
Contract negotiations will continue next week.
($1 = €0.78)
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