ERJ staff report (BC)
Singapore – 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, Helen Yan of ICIS reports industry sources as saying on 21 June.
Spot prices for medium ethylidene norbornene (ENB) grade EPDM fell by €113/tonne from the previous week to an average of $2,700/tonne CFR (cost and freight) India on 19 June, according to ICIS.
Prices have fallen steadily over the past four weeks, shedding 8.5 percent from 22 May, the same data are reported as showing.
EPDM prices have been under downward pressure from abundant supply and continued weak demand and the influx of cheaper Europe-origin material has further aggravated the pressure on prices in Asia, industry sources are quoted as saying.
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