14 June 2013 16:33 [Source: ICIS news]
LONDON (ICIS)--Views on demand in the European propylene glycol ethers (PGE) market differ considerably between participants, with some seeing a pick-up in demand while others are seeing less than favourable levels, sources said on Friday.
Some producers have seen a noticeable pick-up in demand in June, although they were not able to attribute the reason for this to one particular cause.
“Overall [we are] seeing slightly improved demand,” one producer said. “There is no significant drop [in demand] from one month to the other, which can hopefully give a bit of confidence to the whole chain.”
A second producer said it had seen good demand in the first two weeks of June, but said it was not certain if this was because of improved demand overall, or possibly the result of tightening in the market.
There was talk among players that the methoxy propanol acetate (PMA) market may be tightening because of production problems, though sources did not specify which producer was affected.
Improved demand was echoed by the buy side.
“[We are seeing] good demand from paints, coatings,” a PGE buyer said.
Demand from the construction sector is expected to pick up in June with improving weather conditions.
However, other participants in the market did not believe demand was improving.
“Demand is flat,” one distributor stated, with a second adding that its demand levels were "less than favourable".
June is generally seen as one of the stronger months of the year, as buyers stock up ahead of the summer holiday period.
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