LONDON (ICIS)--The majority of participants in the northwest ?xml:namespace>
However, etac price hikes have been accepted more easily in some parts of
“It’s a mixed picture [in terms of customers accepting higher prices],” one producer said. "
Indian sellers reported healthy demand from European customers, shortages of etac supply and European etac prices going up.
However, other market participants have not yet seen price hikes this week, but believe it is just a matter of time.
“I definitely think prices will move up,” a distributor said. “For some distributors and some producers it already did.”
Just one distributor disagreed with the idea of prices facing upward pressure.
“I don't see any signal that prices will go up further,” this source said.
Last week, the European July contract price for ethylene settled at an increase of €50/tonne from June.As a result, both local and importing producers sought July etac price hikes of €30-60/tonne from June levels.