NewsFlashFeb BPA prices hit $1,150/tonne CFR China

12 January 2006 06:32  [Source: ICIS news]

SINGAPORE (ICIS news)--Bisphenol-A (BPA) spot prices in Northeast Asia (NEA) rose $70/tonne this week, with trades in the key China spot market heard up to $1,150/tonne CFR, traders and producers said on Thursday.

“Most of the deals are based on speculation that prices will rise after the Lunar New Year holidays,” a regional trader said.

The festive season starts at the end of January and the Chinese typically take a week off for the celebrations. BPA trades were heard mainly at $1,080/tonne CFR China Main Port (CMP) last week.

February-loading cargoes ranging from 200-500 tonne were heard changing hands at $1,120-1,150/tonne CFR CMP during the week. By Thursday, some bids were reported at $1,160-1,180/tonne CFR CMP while offers were raised to $1,200-1,250/tonne CFR CMP, traders said.

By: Peh Soo Hwee
+65 6780 4359

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