08 May 2013 00:01 [Source: ICIS news]
The May ECH contract price is at €1,765-1,770/tonne FD (free delivered) NWE (northwest Europe).
One major producer said it only gave a reduction of €20-35/tonne because it needed to use the rest to improve margins.
Another producer said it followed the feedstock cost decreases, and this was confirmed by buyers.
There are a number of maintenance shutdowns in Europe in May, and producers said this will restrict supply and keep prices high, but this was rebuffed by buyers, who described availability as good.
($1 = €0.76)
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