26 September 2007 04:39 [Source: ICIS news]
By Jeremiah Chan
SINGAPORE (ICIS news)--China’s bisphenol A (BPA) deep-sea imports are growing as regional supplies become more expensive after the authorities imposed anti-dumping duties (ADD) on Asian product, producers and traders said on Wednesday.
The proportion of BPA imports to ?xml:namespace>
Deep-sea producers who actively ship material to
Demand for duty-exempt cargoes looks set to remain strong after
A marketing official from a major Korean firm noted that cargoes are being diverted to the more profitable Chinese market.
“The [BPA] allocations to
Deep-sea producers have quickly capitalised on the situation by offering material above $2,000/tonne CFR (cost and freight)
Cargoes sold to speculative traders were heard as high as $2,010/tonne in August, according to global chemical market intelligence service ICIS pricing.
The majority of ADD-exempt deep-sea cargoes are procured by traders who then re-sell them to epoxy resin producers in
They are generally sold at a yuan (CNY) 100-200/tonne ($13-27/tonne) discount to material obtained from producers in the region.
“It takes a very long time for deep-sea cargoes to reach
He added that most customers would continue to purchase cargoes from regional producers, and that additional deep-sea material would not have any substantial impact on the BPA market.
Several Chinese traders, however, said deep-sea cargoes had a competitive advantage over Asian material as importers did not want to pay hefty duties and these producers were enjoying better margins than before.
BPA is used mainly in
($1 = CNY7.51)
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