06 October 2013 14:57 [Source: ICIS news]
BERLIN (ICIS)--A lack of European availability caused by cuts in primary product phenol is one of the key concerns for the acetone market, a major buyer said on the sidelines of the 47th annual European Petrochemical Association (EPCA) meeting on Sunday.
“We are worried about the future,” commented the major buyer – a manufacturer of methyl methacrylate (MMA).
The buyer was concerned that the downturn in phenol demand could possibly lead to the “disappearance” of production in Europe, which would market the even tighter.
“Our hand is out [to our suppliers], and it is a question of how we will get through this difficult period. At the end of the day the market is still in a post-crisis mode,” the buyer added.
The EPCA meeting runs from 5-9 October.
($1 = €0.74)
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