12 July 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European bisphenol A (BPA) contract prices have dropped by €40/tonne ($53/tonne) in July because the market is oversupplied, feedstock costs fell, and demand from the downstream epoxy resins and polycarbonate (PC) industries is weak, sources said on Friday.
The July freely negotiated BPA contract price is at €1,520-1,540/tonne FD (free delivered) NWE (northwest Europe).
The epoxy resins industry is performing particularly badly because of low consumption from the construction and automotive sectors, which have been negatively affected by the ongoing economic slowdown in Europe.
BPA production units are running at reduced rates to match consumption. Supply has been described as plentiful and noone is concerned about the potential of not being able to secure enough material.
($1 = €0.76)
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