14 September 2007 07:58 [Source: ICIS news]
The new 60,000 tonne/year plant in Kurosaki will obtain feedstock from the upstream 120,000 tonne/year bisphenol-A (BPA) facility at the same location.
At the same time, one of Mitsubishi’s two existing 20,000 tonne/year PC lines will be closed down, leading to a net increase of 40,000 tonnes/year when the new PC capacity comes on stream, he added.
“When the new PC plant starts up next year, we will become net buyers of BPA,” the source said.
Mitsubishi had traditionally been a major exporter of BPA in the market and the change would substantially tighten supply and increase demand, traders said.
“We forecast the growth in the PC sector to be 7-8% per year and with no news of additional BPA capacities coming on stream in the near future, prices will continue to firm in subsequent months,” a trader based in Shanghai told ICIS news.
Other major BPA producers in the region include Nan Ya Plastics, Mitsui Chemicals, Kumho P&B and LG Petrochemical.
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