Europe Aug LER contract prices fall €50/tonne, SER prices roll over

06 August 2013 23:59  [Source: ICIS news]

LONDON (ICIS)--European liquid epoxy resins (LER) contract prices have declined by €50/tonne ($67/tonne) in August while solid epoxy resins (SER) prices rolled over because the market is oversupplied and demand is weak, sources said on Tuesday.

The August LER contract were agreed at €2,525-2,575/tonne FD (free delivered) NWE (northwest Europe), while SER contracts settled at €2,430-2,480/tonne FD NWE.

SER sales have declined in southern Europe because of summer shutdowns. The only sector that is performing well is can coatings, which is driven by higher soft drink sales, an SER producer said.

The LER market is not much more active, owing to the same reasons. Some negotiations have been postponed to September or to later in August when sales managers return from their Europe summer holidays.

($1 = €0.75)


By: Janos Gal
+44 208 652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly