Glycol ethers producers target November rollover

01 November 2013 18:43  [Source: ICIS news]

LONDON (ICIS)--Prices in the European glycol ethers (EGE) market are stable this week despite the €30/tonne drop in the November feedstock ethylene contract price, sources said on Friday.

Demand is unchanged from October levels, which were buoyed by prolonged warmer weather in Europe, extending production time from the construction sector, a key end-use market. 

“We try to target a rollover and seems…we can stabilise [the prices],” a producer said, adding that October demand was a little bit better than expected because of good weather conditions.

A second producer said: “We are looking at holding October prices on E-series [glycol ethers] on the back of solid demand in many markets.”

Buyers are not currently pushing for reductions following the €30/tonne ethylene November contract price reduction, but this may be due to some players being absent from the market this week because of public holidays in Europe.  

A distributor said prices were stable this week but indicated that buyers may push for lower prices later in the month as seasonal demand starts to drop off. 

“Glycol ethers have started more or less with a roll-over, but that is so far only for the first week,” the distributor said.

It added: “I see a good chance for at least slightly lower prices in the forthcoming weeks.”

In the UK market, prices are unchanged, but players think it may be too early to comment on whether or not lower feedstock prices will see EGE prices drop in the coming weeks. 

By: Matt Tudball
+44 208 652 3214

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