22 October 2013 16:26 [Source: ICIS news]
PRAGUE (ICIS)--Fourth-quarter contract negotiations in the European fatty alcohols market are continuing with increasing numbers of participants stating they have now concluded their business, sources said on Tuesday.
Speaking on the sidelines of the 9th ICIS world oleochemicals conference, one buyer said it has now purchased all its required volumes for the fourth quarter, paying just under €1,300/tonne ($1,781/tonne) FD (free delivered) NWE (northwest Europe) for mid-cut fatty alcohols.
"After [the high prices quoted] last month, I didn't want to take any chances with prices increasing again," the buyer noted.
The buyer remains confident, however, that mid-cut prices will slide early in 2014, owing to the excess material being made available to the market.
($1 = €0.73)
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