LONDON (ICIS)--Some European ethyl acetate (etac) producers may target a February price hike, despite the February contract price for feedstock ethylene having settled at a €40/tonne decrease from January, sources said on Friday.
“Frankly we’re trying to push a slight increase,” one producer said. “The ethylene [contract price] doesn’t have a huge influence on my costing. [Etac] prices didn’t change when it [ethylene prices] went up, so why change when it [ethylene] went down? We might try to target a €10-15/tonne increase.”
A second producer said: “We’re still looking to areas of Europe to get an increase. What we’ve done, we found certain spots where we get minor increases of €10/tonne.”
The source added that Italy is one such place.