19 April 1999 00:00 [Source: ACN]
The shortage of compact disc (CD)-grade polycarbonate (PC) supplies in Asia which hit markets in February and March is over.
Material is now readily available and there is no further upward pressure on prices, sources said. 'Supply was tightest just before the Lunar New Year. But it started to ease from March onwards,' one supplier said.
Sales concluded in early April were reported at US$2550-2750/tonne cif Hong Kong for CD-grade PC, little changed from prices in March which were at US$2600- 2750/tonne cif Hong Kong.
Although it is too soon to say what average prices will be for the month, market players expect April cargoes to roll over at best.
In some cases, prices could already be starting to fall. One buyer said the price it paid for April shipments of CD-grade material was US$2550/tonne cif Hong Kong, about US$100/tonne below the levels it paid in March. The buyer also emphasised that availability is no longer an issue.
'You can now get as much material from suppliers as you want,' he said.
Prices for general purpose-grade PC were also unchanged from the month before.
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