|
(ICIS) -- European acetone spot prices
drifted lower this week with many market participants on Friday blaming a tip in
the supply/demand balance as well as concerns over an economic
slowdown. While some sellers said their demand was steady and "as expected"
for September, others spoke about a much slower-than-expected start to
September.
In terms of pricing, spot numbers have been on a gradual decline since
peaking in April this year at ?1,100-1,185/tonne FD (free delivered) NWE
(northwest Europe).
During this time, spot business hit a record high of ?1,400/tonne
($1,944/tonne) into Italy. However, this week prices dropped to the mid-to-low
?700s/tonne in parts of northwest Europe.
But in the trade and distribution sector, a reseller said levels of
?750-780/tonne FD NWE, were “old numbers” and that in order to move any cargoes
now he would have to offer at a lower level. Another Netherlands-based
reseller said that to move any material it would have to buy at ?680-690/tonne
on a free carrier alongside (FCA) basis.
mrcplast.com
| 
