China deep sea, Asia BPA import gap rises $73/t

16 July 2008 09:49  [Source: ICIS news]

SHANGHAI (ICIS news)--The gap between traded prices of deep-sea and Asian cargoes of bisphenol A (BPA) in China has risen to nearly yuan (CNY)500/tonne ($73/tonne), as some deep sea cargo traders were selling at lower levels, traders said on Wednesday.

Deep sea cargoes were being traded at CNY15,800-16,000/tonne, while Asian BPA was pegged at CNY16,000-16,300/tonne, they added.

"Some traders holding deep-sea cargoes faced financial crisis, preferring to sell cargoes," one producer said.

Asian producers did not show much interest to sell cargoes and few deals were done below CNY16,000/tonne, traders said.

A Chinese trader bought a 500 tonne parcel from GE at a low CNY15,700/tonne and the trade was confirmed on Wednesday, traders said.

The gap between deep-sea and Asia cargoes is usually CNY100-200/tonne and the increasing difference in prices could impact domestic BPA values which have shown a slight increase, most traders said.

Jenny Yi from CBI contributed to this article
For more on BPA visit ICIS chemical intelligence 
To discuss issues facing the chemical industry go to ICIS connect

By: Amanda Zhang
+65 67804359

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 3 November 2009)

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.

Printer Friendly