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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections