16 October 2013 23:59 [Source: ICIS news]
LONDON (ICIS)--European October flexible polyol contract prices rose on Wednesday because of higher seasonal demand, despite the fall in feedstock prices confirmed late in September.
Prices rose by €60/tonne ($81/tonne) on both ends of the range to €1,760-1,830/tonne FD (free delivered) NWE (northwest Europe), boosted by seasonal ordering from the bedding and furniture sector, according to some players.
Some buyers expressed scepticism about demand levels in certain parts of the continent, saying there is a clear north-south divide where southern economies continue to suffer under poor macroeconomic conditions. The quoted price range represents northwest Europe and does not include southern European countries.
Producers, on the other hand, said the season is now in full swing and one producer said demand has increased month-on-month from September.
A second producer said demand is healthy overall but confirmed that northern countries are performing better than their southern counterparts.
Prices for rigid polyols in October were assessed at a rollover as a producer said prices are stable as the construction season draws to a close. It added the construction season could last well into December if the weather remains sufficiently warm.
A buyer of rigid polyols said it had received a rollover in its prices and added that, although it is still in season, the economic situation in Europe is hampering demand. Nevertheless, it said, current demand levels are enough to keep prices static.
($1 = €0.74)
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