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Focus Asia EPDM to extend falls on Europe surplus stocks, weak rupee
By Helen Yan
(updates Indian rupee-US dollar exchange rate in last paragraph)
SINGAPORE (ICIS)--Ethylene propylene diene monomer (EPDM) prices in Asia are likely to fall further with surplus stocks in Europe being offloaded into the region at cheaper prices, while demand in the key downstream automotive sector remains weak, industry sources said on Thursday.
Spot prices for medium ethylidene norbornene (ENB) grade EPDM fell by $150/tonne (€113/tonne) from the previous week to an average of $2,700/tonne CFR (cost and freight) India on 19 June, according to ICIS.
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INSIGHT: Polyolefins producers scrabble for answers
“As commodity grade polyolefins markets become harder going higher-cost producers are increasingly shifting up the value chain.” more
Copy of VIDEO - ICIS Asia Lunchtime Bulletin 20 June 2013
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