17 October 2008 10:23 [Source: ICIS news]
SINGAPORE (ICIS news)--Asian bisphenol A (BPA) prices have fallen to their lowest level in 22 months and are poised to drop further in line with crashing crude oil values, turmoil in the global economic markets and weakening supply-demand fundamentals, market sources said on Friday.
Earlier this week, bonded warehouse fixtures were reported by traders to downstream end-users in the epoxy resins industry at around $1,520-1,550/tonne ex-bonded warehouse, representing a $130-150/tonne drop from discussions heard the previous week.
Prices were assessed at $1,650-1,700/tonne CFR (cost and freight) NE (northeast) ?xml:namespace>
“One of our customers, an epoxy resin manufacturer in
Chinese domestic BPA has plummeted yuan (CNY) 1,300-1,500/tonne ($190-220/tonne) since Monday, as importers, traders and even end-users dumped their product in the market in a bid to cut their losses before prices fell further.
BPA prices in eastern
“The main issue now is not with the price - it’s just that there’s no demand,” one major seller lamented
He added that the surge of imports into
Most epoxy resin manufacturers in
Major BPA makers in
($1 = CNY6.83)
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